3/2/2016 12:20:11 PM
Three/O2 crunch meeting on Monday, says reports
Hutchison Whampoa will make its pitch to the European Commission try to convince the regulator to approve its acquisition of O2 in the UK, according to reports.
Reuters claims that a source close to the deal told them that there will be a closed door hearing on Monday (March 7th) in which O2’s owners Telefonica and Three’s owners Hutchison Whampoa will make their cases to the European watchdog.
It is also believed that the hearing will be attended other interested parties including Virgin Media, TalkTalk, Vodafone and BT.
There has been a shift in the strategy by Three’s owners Hutchison Whampoa in 2016 regarding their purchase of O2. The brand has been a lot more outspoken on the deal.
The company even went as far as to have MD Canning Fok release a statement to the UK market in response to comments by Ofcom CEO Sharon White. In the document Fok promised not to raise prices or harm competition.
Since then O2 CEO Ronan Dunne has also weighed into the debate criticising the definitions that the regulator had used to attack the deal.