Davina Garrod Quoted by Global Competition Review on Effort to Block CK Hutchison/Telefónica Merger
Global Competition Review has quoted Akin Gump partner Davina Garrod in its story “CMA urges DG Comp to block CK Hutchison/Telefónica,” which reports on the UK Competition and Markets Authority calling for the European Commission to block the proposed merger between CK Hutchison and Telefónica. The two companies announced their plans to merge more than a year ago.
Garrod said it would be difficult for the EC’s directorate-general for competition to disregard the large volume of pricing evidence generated from several countries which have indicated higher prices post-consolidation. “In addition,” she said, “the economic pricing models used by the Commission are not as effective for technologically dynamic mobile markets constrained by multi-play and other new developments.”