ATHENS (Reuters) - Spanish telecoms provider Telefonica
The 8.6-billion-euro ($11.94 billion) deal could spur more consolidation in the telecoms sector, which faces its fifth year of declining revenues in 2014. However, this could be held back if regulators demand stringent concessions in return for their approval.
The EU competition authority said it would decide on Telefonica's bid by June 23. It did not provide details, in line with its policy.
"We remain confident that we will get merger clearance in the second quarter," spokesman Albert Fetsch told Reuters by telephone.
Rivals such as German telecoms and Internet services provider Freenet
E-Plus competes with market leaders Deutsche Telekom
($1 = 0.7204 Euros)
(Reporting by Foo Yun Chee; editing by Robin Emmott)