BRUSSELS, May 26 (Reuters) - European Union antitrustregulators will decide by July 2 whether to approve Britishtelecoms group Vodafone's 7.2-billion-euro ($9.81billion) bid for Spanish cable operator Ono, the EuropeanCommission said on Monday.
Vodafone unveiled the proposed takeover in March toreinforce it against market leader Telefonica. Thedeal, Vodafone's third acquisition of a European fixed andbroadband asset in two years, could trigger more consolidationin the industry.
The EU competition authority could clear the deal, demandconcessions or open a lengthy investigation if it has concernsabout the impact on consumers and rivals.
($1 = 0.7336 Euros) (Reporting by Foo Yun Chee; editing by Adrian Croft)
Vodafone (VOD)