1/18/2016 11:55:01 AM
Euro watchdog to reveal Three O2 deal objections, says reports
The European competition watchdog will reveal its objections to the acquisition of O2 by Three’s owners Hutchison Whampoa this week, according to reports.
It’s been suggested by a number of different media outlets that the European Commission (EC) will suggest that the combined entity be forced to give up some of its mobile spectrum.
In December, the European regulator rejected calls from the UK’s Competition and Markets Authority to assess the deal at a local level. The EC cited ‘consistency’ at the time as the reason behind the decision.
Industry bodies with reservations about the deal have been calling on those with objections to the deal to come forward for several months now.
BT deal rolls on
Reports of the EC’s plan to state the objections to the deal comes just days after BT’s purchase of EE was given the go-ahead by UK regulators.
Many in the industry have argued that the deals should not be viewed in isolation and that it is wrong for two separate bodies to be looking at the mergers.