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EU Probes Telefonica Deal

EU Probes Telefonica Deal - WSJ.com: "The European Union's top antitrust authority has begun investigating an agreement between Spanish telecommunications company Telefonica SA and Portuguese peer Portugal Telecom SGPS SA to ascertain whether they have broken competition rules, it said Monday.

The European Commission probe is centered on whether the two companies breached EU rules by agreeing not to compete with each other"

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