Converge or conglomerate: Competition law implications for Technology Media and Telecommunications

Sign up for tax alert emails GTNU homepage Tax newsroom Email document Print document Download document

February 12, 2019
2019-5200

Converge or conglomerate: Competition law implications for Technology Media and Telecommunications

When it comes to convergence, TMT companies are relentlessly driving disruption, even as that same force ceaselessly reshapes them. Their market boundaries continually dissolve, reform and dissolve again. Content distributors are transforming into content producers, and vice versa; service providers are becoming tech companies; and technology companies are driving dramatic change in virtually every sector of the economy as enablers or new competitors to incumbent players. Competition escalates everywhere, and new entrants move from the far horizon to existential threat, seemingly overnight. What role can transactions play in strengthening strategy? And what are the competition law implications for the TMT sector? This EY Law article provides details.

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

Copyright © 2023, Ernst & Young LLP.

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

Privacy | Cookies | BCR | Legal | Global Code of Conduct