Global Trade Alert
Global Trade Alert

EU: Conclusion of in-depth investigation of the Emirates Telecommunications Group's acquisition of the PPF Telecom Group under the Foreign Subsidies Regulation

Announcement

21 Jun 2025

In June 2024, the European Commission initiated an in-depth investigation into the acquisition by the Emirates Telecommunications Group Company PJSC of PPF Telecom Group BV, excluding its Czech business. In September 2024, the Commission approved the transaction subject to binding commitments.

Source

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Number of interventions

1

0 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

No implementation date

Revocation date:

No revocation date

Announced: 21 Jun 2025
Instrument unclear

On 24 September 2024, the Commission approved the transaction subject to binding commitments. While the subsidies were not found to have distorted the acquisition process itself, the Commission fou...

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