Brussels, 10 August 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of (i) Lumen Technologies Austria GmbH; (ii) Lumen Technologies Belgium SA; (iii) Lumen Technologies Denmark ApS; (iv) Lumen Technologies EMEA Holdings Limited of the UK; (v) Camelot Landing, LLC, of the US; (vi) CenturyLink Europe B.V, of the Netherlands (together with certain US and trans-Atlantic subsea assets), all ultimately controlled by Lumen Technologies, Inc. of the US, by Colt Technology Services Group Limited (‘Colt’), of the UK.
The Lumen companies and assets included in this transaction constitute substantially all of Lumen’s business in Europe, Middle East and Africa which consists of providing telecommunications infrastructure and enterprise services in these regions. Colt provides network services for network intensive sectors and voice services in Asia, Europe, India and the US.
The Commission concluded that the proposed acquisition would raise no competition concerns, given the companies’ limited combined market position and vertical relationships between the activities resulting from the proposed transaction. The transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11144.
Source – EU Commission