On Monday, Apax Partners received the green light to proceed with its planned acquisition of Telenor Satellite Services (TSS), as the European Commission (EC) declared that the U.S. $400 million transaction would not significantly impede competition in the European Union (EU). TSS, a unit of Norwegian fixed line phone carrier Telenor, wholesales two-way satellite communications services provided by Inmarsat and other operators. Apax, a French private equity concern, also holds indirect control over France Telecom Mobile Satellite Communications—another wholesaler of Inmarsat services to EU customers. Concluding its investigation on the transaction, the EC determined that consumers would be able to choose from a sufficient number of alternative wholesale service providers upon completion of the merger. Noting that Inmarsat is the sole provider of aeronautical and maritime services in the EU and that the transaction would combine two wholesalers of Inmarsat services, the EC said that consumers would be left with fewer choices within the aeronautical and maritime sectors. However, the EC predicted that any competitive concerns would be offset by alternative two-way services, including HF and VHF radio, that are already offered on a wholesale basis and that are expected to emerge in the future with the entry of new players.