The European Commission has approved the proposed acquisition of the Austrian mobile telecommunications operator One by France Télécom and the UK-based private equity investor Mid Europa Partners. The Commission concluded that the transaction would not significantly impede effective competition within the European Economic Area. The Commission further concluded that the proposed transaction demonstrated no potential horizontal overlaps between the activities of the parties in their respective countries of operation. Furthermore, it was found that the proposed transaction would not raise any substantial vertical competition concerns in the wholesale international roaming market, nor in the countries where the parties operate.