European telcos’ ad venture against Big Tech wins EU antitrust initiative | – #European #telcos #venture #Big #Tech #wins #antitrust #initiative

BRUSSELS, 10 February (Reuters) – Deutsche Telekom ( DTEGn.DE ), Orange ( ORAN.PA ), Telefonica ( TEF.MC ) and Vodafone ( VOD.L ) received unconditional antitrust approval from the EU for their advertising joint venture on Friday. In Big Tech.

“Operation as reported Francewill not significantly reduce competition in the markets of Germany, Italy and Spain”, – Europe It is said in the statement of the Commission.

Reuters exclusively reported last week on the impending EU greenback. That’s the likes of Meta ( META.O ) and Alphabet ( GOOGL.O ) in the telecoms sector’s lucrative online advertising sector. Googleis their first attempt to capture and diversify their revenue streams.

Googleis the world’s leading online ad seller, far ahead of Meta, generating nearly 80% of its revenue.

Reporting by Charlotte Van Campenhout; Edited by Foo Yun Chee

Our standards: Thomson Reuters Trust Principles.

2023-02-11 20:05:31
Source – reuters

Translation“24 HOURS”