OFT submits request to investigate T-Mobile and Orange merger

OFT submits request to investigate T-Mobile and Orange merger

The Office of Fair Trading (OFT) has requested the European Commission allows the UK authorities to investigate the Orange and T-Mobile merger, amid fears it could harm competition.

The OFT has asked the European Commission for the opportunity to examine the UK aspects of the deal, which is set to create the UK's largest mobile phone operator.

The regulator said: ‘The OFT's initial view, following consultation, is that the joint venture threatens significantly to affect competition in mobile telecommunications in the UK.’

If the merger is approved, the combination of T-Mobile and Orange will create an operator which has 28.4 million customers and a 37% market share.

If Brussels approves the referral, the OFT will have to decide whether to refer the merger to the Competition Commission for an in-depth investigation.

The move will delay the merger, and the two companies may have to offer significant concessions in order to secure regulatory approval.

The European Commission is expected to decide within the next ten days whether to refer the merger to the OFT or carry out its own investigation.

Written by Mobile Today
Mobile Today

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