The EC’s concerns centered around potential competitive issues in the European Economic Area (EEA) regarding managed solutions for account-to-account core infrastructure services (A2A CIS). The initial deal for USD 3.2 billion was announced in 2019, but it has taken some time to close due to the EC’s issues with competition.
The receiving business would have exclusive technology license rights in the EEA and non-exclusive rights elsewhere. The transfer includes personnel and services necessary to provide managed services. It is not clear whether this agreed solution changes the original price of the acquisition.
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