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EU set to veto Hutchison, O2 UK deal - report

Wednesday 27 April 2016 | 11:15 CET | News
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EU competition regulators will block Hutchison's GBP 10.3 billion acquisition of O2 UK from Telefonica, reports Reuters citing two unnamed sources familiar with the matter. Hutchison already owns 3 UK and the deal would cut the number of UK mobile networks from four to three. The sources said that the EC will this week seek approval from national competition authorities for its decision to veto the deal. The EU has previously set a deadline of 19 May for a final decision. The sources said that a package of concessions offered by Hutchison failed to address concerns that the deal could

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Categories: Mobile & Wireless
Companies: 3 UK / Hutchison Whampoa / O2 UK / Telefonica
Countries: Europe / United Kingdom
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