Click For Photo: https://regmedia.co.uk/2018/11/01/shutterstock_run_to_fire_exit.jpg
The proposed buy of T-Systems' mainframe unit by IBM has withered amid competition concerns from the German cartel office.
The reportedly €860m (£870m/$975m) agreement first emerged in mid-January. T-Systems told us it was not selling the unit, although some 400 employees were expected to transfer to Big Blue. The German competition regulator described the thing as an acquisition.
Integrator - Division - Deutsche - Telekom - Services
However, the integrator, a division of Deutsche Telekom, claimed it would continue to "offer" services and "supply" them to customers with IBM providing a "share of services".
The Bundeskartellamt – the authority that already delayed the deal – said today that IBM has "withdrawn its notification of plans to acquire essential hard and software as well as personnel from the mainframe service business of T-Systems International".
Regulator - Businesses - Competition - Concerns
The regulator added that it had made it clear to both businesses that there were "preliminary competition concerns" about the...
Wake Up To Breaking News!
If the Government could just stop...