The EU Commission prohibits a merger between two telecommunication companies in the UK mobile market (Hutchison / Telefónica UK)

Mergers: Commission prohibits Hutchison's proposed acquisition of Telefónica UK* 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. Today's decision follows an in-depth investigation by the Commission of the deal, which would have combined Telefónica UK's "O2" and Hutchison 3G UK's "Three", creating a new market leader in the UK mobile market. The takeover would have removed an important competitor, leaving only two mobile network operators, Vodafone and BT’s Everything Everywhere (EE), to challenge the merged entity. The significantly

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European Commission, The EU Commission prohibits a merger between two telecommunication companies in the UK mobile market (Hutchison / Telefónica UK), 11 May 2016, e-Competitions Bulletin May 2016, Art. N° 79681

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