EU draft Merger Guidelines: do they meet the expectations?

As part of the ongoing review of the EU Merger Guidelines, the Commission launched a second consultation on the Draft Guidelines. Telefónica shared its views welcoming the Commission’s efforts to drive a true change in its merger control policy that fosters scale, competitiveness, growth and innovation in the EU. In this post, we share the key takeaways—focusing mainly on the areas where further improvements are still needed.