Europe Scrutinizes AT&T-BT; Deal
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BRUSSELS — The European Commission said on Friday it had opened an in-depth probe into the proposed joint venture between AT&T; Corp. and British Telecommunications.
At the same time, it cleared a separate $48-billion merger between AT&T; and U.S. cable giant Tele-Communications Inc., saying their union would have little impact on competition in Europe.
The commission, the European Union’s antitrust body, said in a statement that it had several concerns about the $10-billion partnership between BT and AT&T;, including the possibility that it could create or strengthen a dominant position in some telecommunications sectors in Britain.
The commission has four months to decide whether to approve the deal.
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