03:56 AM EDT, 10/28/2024 (MT Newswires) -- Clear Channel Outdoor Holdings' ( CCO ) deal to sell its Spanish business to a subsidiary of JCDecaux has been terminated following a regulatory review, the companies said in separate statements Monday.

JCDecaux, an outdoor advertising company, decided to withdraw its regulatory filing with the Spanish National Markets and Competition Commission in light of the commitments required by the authority for the transaction, Clear Channel said.

JCDecaux said it will no longer proceed with the deal following 14 months of regulatory examination.

Clear Channel said it will continue operating its business in Spain.