Deutsche Telekom has called a leadership meeting on Wednesday in expectation of U.S. regulatory approval of the proposed merger of its U.S.
A meeting to update Deutsche Telekom's supervisory board on U.S. strategy has been scheduled for 10:15 am , Handelsblatt reported.It cited unnamed sources as saying that officials at the U.S. Department of Justice were expected to give the nod to the US$26 billion deal after months of negotiations to address antitrust concerns arising from the deal.
The merger would reduce the number of market players from four to three, which critics say would leave consumers facing less choice and higher prices.
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