EU Gives Go-Ahead To Vodafone's UK Mobile Wallet Venture

Law360, New York (September 5, 2012, 5:14 PM EDT) -- The European Union's antitrust watchdog on Wednesday signed off on a proposed joint venture between Vodafone Group PLC, Telefonica UK Ltd. and Everything Everywhere Ltd. for selling mobile payment systems, ending a probe over concerns that the new entity could bar competitors from the market.

The joint venture — which the three U.K. mobile phone companies say would create a unified system that allows customers to pay for goods and services through a "mobile wallet" on their phones — isn't likely to cause “significant impediment to...
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