PARIS – The Swiss Competition Commission has rejected a merger of France Telecom’s activities in Switzerland with those of Denmark’s TDC, saying it would give them too dominant of a market position.
France Telecom and TDC said they were “disappointed and surprised” by the decision to prohibit their planned tie-up.
The French company would have given €1.5 billion ($2.25 billion) to TDC for 75 percent of the combined merger of France Telecom’s Orange and TDC’s Sunrise.

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Switzerland’s competition watchdog will examine closely the planned merger between France Telecom’s Orange and Danish-owned Sunrise to ensure the grouping does not dominate the Swiss mobile market. Along with Swisscom, Sunrise and Orange are the main players in Switzerland’s mobile phone market. The planned merger, with a market share of 40 percent, would reduce the [...]

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