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EU's Vestager to hold news conference 09:30 GMT, spotlight likely on Broadcom

Published 10/16/2019, 04:09 AM
Updated 10/16/2019, 04:11 AM
© Reuters.  EU's Vestager to hold news conference 09:30 GMT, spotlight likely on Broadcom
AVGO
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BRUSSELS (Reuters) - European Competition Commissioner Margrethe Vestager will hold a news conference at 9:30 GMT, the European Commission said on Wednesday, with the focus expected to be on U.S. chipmaker Broadcom (NASDAQ:AVGO).

The EU executive did not provide details of the conference.

Vestager is expected to order Broadcom to suspend certain business practices with TV and modem makers that may be anti-competitive, a person familiar with the matter told Reuters earlier this month.

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