EU approves Deutsche Telekom buy of VW's Gedas

Newswire

BRUSSELS, Feb 28 (Reuters) - Deutsche Telekom unit T-Systems won permission from the European Commission on Tuesday to purchase Volkswagen's Gedas information technology business. "The (European) Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area or any substantial part of it," the Commission said in a statement. As part of the deal, T-Systems will get a seven-year contract to provide VW services from Gedas, a ...

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