Several major telecom companies, as well as Amazon.com, Inc. AMZN, have come under recent scrutiny from the European Union, as concerns over market dominance continue to grow. Among the EU’s expressed risks for consumers are more expensive bills and reduced innovation as a result of these companies’ increasing market share.

Merger Prevalence

Currently, the EU is investigating several merger proposals in the telecom sector, including an upcoming $16 billion deal between British telecom companies Hutchison Whampoa Ltd. (ADR) OTC: HUWHY) and Telefonica’s O2 UK. The deal, if it goes through, would make Hutchison Whampoa the largest telecom operator in Britain.

While operators claim that mergers are necessary to increase their investment, the EU argues that there is no evidence to support this claim and that too many mergers will reduce competition and lead to negative consequences for consumers.

U.S. Concerns

The telecom merger frenzy has been…

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