Vodafone, Others Face EU Probe Of UK Mobile Wallet Venture

Law360, New York (April 13, 2012, 4:06 PM EDT) -- The European Union's antitrust watchdog launched an in-depth probe of a proposed Vodafone Group PLC, Telefonica UK Ltd. and Everything Everywhere Ltd. mobile payment joint venture, citing concerns Friday that the new venture could bar competitors from the market.

The European Commission said it has 90 working days — until Aug. 27 — to make a final decision on the proposed joint venture, which the U.K. mobile phone companies involved say would create a unified system letting customers pay for goods and services through a "mobile...
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