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Payment provider Tryo has released a scathing letter to the Australian Competition and Consumer Commission slamming the nation’s banks for creating an anticompetitive atmosphere as the company called on the regulator to probe the industry. According to reports, the letter to the ACCC includes claims that one major retail bank stated “we are trying to… Continue reading Australia: Payments provider slams banks for anticompetitive ways

The world’s largest salmon farmer, Marine Harvest, is reportedly facing possible fines for closing a merger with a rival without first seeking approval from regulators for the deal. According to reports, Marine Harvest acquired Morpol with a 48.5 percent acquisition in December 2012. Marine Harvest did not seek approval for the merger by the European… Continue reading EU: Salmon farming merger risks sanctions for merger

Israel’s Antitrust Authority is set to approve of a proposed network sharing plan between wireless operators Partner Communications and Hot Mobile, reports say, but the companies will need to adhere to strict guidelines. The companies are looking to strike a deal to share 4G spectrum as uncertainty looms over the industry’s access to frequencies. Local… Continue reading Israel: Authorities to allow 4G network sharing deal

Following their $1.27 billion merger last year, Axel Springer and Funke Mediengruppe can now finally close the transaction as the media groups’ concessions have been accepted by regulators. Germany’s Federal Cartel Office had been probing the deal, which saw Funke’s acquisition of TV program guides, since the merger was struck. The deal was separated into… Continue reading Germany: Concessions in $1.27B media deal accepted

New legislation that reforms Ireland’s competition law was published Monday, reports say, and the telecommunications industry will see significant effects from the new rules. According to reports, the Minister for Jobs, Enterprise and Innovation published the bill that would require Internet service providers and telephone companies to retain call and traffic data for at least… Continue reading Ireland: Telcos ordered to retain data in new competition rules

Nokia was ordered to pay $572 million by India’s Supreme Court, a guarantee required before the company transfers a manufacturing plant to Microsoft, reports say. The plant, which manufactures handsets, will be transferred to Microsoft in part of a major merger between the two firms. But Nokia entered into a feud with India tax authorities… Continue reading India: Supreme Court slaps fees on Nokia ahead of Microsoft asset transfer

The assets Comcast says it is willing to divest to ensure an approved acquisition of Time Warner Cable could be worth about $18 billion, according to a source. Comcast said it will offload three million of its subscribers, which could then be acquired by competing cable companies or even spun-off into its own, new company.… Continue reading US: Price tag placed on hypothetical Comcast divestitures

EU officials are readying to vote on proposed legislation that would introduce net neutrality, a move that could swipe out a major source of revenue for telecommunications firms. The rules would require all Internet service providers to treat all traffic equally across the EU. ISPs can currently charge online content providers to earn priority service… Continue reading EU: Telcos brace for net neutrality upheaval

A federal judge on Friday reportedly rejected Apple, Google, Intel and Adobe’s request to avoid a trial in a major class action filed against the firms that alleges the companies colluded to not hire each others’ employees to keep wages down. The companies sought a judgment of the lawsuit to avoid a trial as thousands… Continue reading US: Apple, Google fail to avoid hiring collusion class action trial