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Hutchison steps up concessions for O2 deal - report

Tuesday 15 March 2016 | 15:07 CET | News
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CK Hutchison is stepping up its offer to allay competition concerns about its proposed takeover of O2 UK, the Financial Times reports. While the European Commission and Ofcom have reportedly pushed for the company to support a fourth network in the UK, Hutchison is instead proposing to reserve 30 percent of its network for one or more newcomers, according to the FT's sources. This would go further than a MVNO deal, offering permanent access to a share of the network or even partial ownership for one or more new players. This may include a "starter" package of spectrum and ownership of some O2

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Categories: Mobile & Wireless
Companies: 3 UK / European Commission / Iliad / O2 UK / Ofcom / Sky / TalkTalk / Tesco Mobile / Virgin Media
Countries: United Kingdom
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