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EU to block Hutchison, O2 UK deal within weeks - report

Monday 18 April 2016 | 21:40 CET | News
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Hutchison's plan to take over Telefonica's UK mobile phone business is set to be formally blocked by EU regulators within weeks, reports Bloomberg. According to two unnamed sources familiar with the talks, EU anti-trust officials have failed to be won over by Hutchison's offers to sell network capacity to MVNOs, believing this will not create sufficient competition to prevent potential price hikes. Regulators are understood to be holding out for 3 UK/O2 UK to offer to sell part of their network to a new operator. The Sunday Telegraph reported that Hutchison is already preparing to mount a

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