Hutch would review UK spend if O2 deal was blocked

Hutch would review UK spend if O2 deal was blocked

Hutchison Whampoa may review its UK spending should its deal to buy O2 be blocked by Eurpoean regulators, according to reports.

The Times claimed on Saturday that Three’s owners UK investment plans could be affected should its plan to purchase O2 from Telefonica be denied.

It is understood that stakeholders in the deal are meeting with the European Commission today [07/03/2016] to make their cases for and against the merger.

Time ticks on

There appears to have been an increase in the intensity from both sides in the debate over whether the takeover should be permitted. Particularly since the BT takeover of EE was waved through by the regulator without any reservations at the start of February.  

Ofcom’s CEO Sharon White has publically raised concerns over the deal, whilst Hutch MD Canning Fok has made a number of promises to the UK market regarding price and competition.


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