Mergers: Commission prohibits Hutchison's proposed acquisition of Telefónica UK

EU News 157/2016

Brussels, 11 May 2016

The Commission has blocked the proposed acquisition of O2 by Hutchison under the EU Merger Regulation. It had strong concerns that UK mobile customers would have had less choice and paid higher prices as a result of the takeover, and that the deal would have harmed innovation in the mobile sector.

Source and additional information:
http://europa.eu/rapid/press-release_IP-16-1704_en.htm?locale=en

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