The European Commission on Friday reiterated its concerns over Microsoft Corp.'s plans to buy MediaOne Group Inc.'s 29.7 percent stake in British cable company Telewest Communications.
Published:
30 May 2000 y., Tuesday
A statement of objections is a legal document setting out the EU antitrust watchdog's competition concerns and asking the companies involved to offer concessions to address them. Microsoft has requested a hearing to put across its arguments why the deal should be cleared. European Competition Commissioner Mario Monti said on March 22 that he had opened a four-month probe into Microsoft's plan, highlighting concerns about reduced competition in various areas of the digital cable industry. He said there were concerns in particular about the provision of software for digital set-top boxes in Britain and its impact for the choice of British cable subscribers. Monti also said he was worried the deal would strengthen Telewest's existing position as an exclusive supplier of cable services to customers within its franchise area, and undertakings already offered by the companies had been insufficient to ease these concerns.
Telewest, which does not currently use Microsoft technology in its set-top boxes, said it welcomed Microsoft as a potential shareholder. The investigation comes as Microsoft faces the possibility of being split up after being found guilty in the United States of breaking antitrust laws.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The EBRD is supporting the modernisation of transport infrastructure in Serbia with a €150 million sovereign loan to finalise the construction of a new motorway section along the strategic Corridor X.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA).
more »
The Executive Board of the International Monetary Fund (IMF) today approved a three-year, SDR 13.57 million (about US$21.5 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Union of the Comoros.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the second review of Mongolia's economic performance under a program supported by an 18-month Stand-By Arrangement (SBA).
more »
Parex banka has established a subsidiary, SIA NIF (“Nekustamo īpašumu fonds”, or “Real Estate Fund”), which will professionally manage assets that are not related to the Bank’s core business.
more »
In his address at the Lithuanian-Belarusian Business Forum “Belarus and Baltic States: new prospects for cooperation”, Prime Minister Andrius Kubilius has pointed out that Lithuania sees Belarus as creating its future in Europe...
more »
JDRF Employs VoIP and Web-Based Video Collaboration Enabled by Cisco for More Effective Teamwork Among Employees and Constituents.
more »
On 16 September 2009, AB Bank SNORAS group finished the transaction during which it purchased from AB “Invalda” with its own funds 100 per cent of the shares of AB “Finasta įmonių finansai”, managing AB Bank “Finasta”.
more »
Federal Reserve Chairman Ben Bernanke that the worst U.S. recession since the Great Depression was probably over, but the recovery will take time.
more »
Growth expected to return in the second half of 2009. Forecasts are still uncertain but fears of a severe, prolonged recession are fading.
more »