Watchdog the CMA tells commission that either Three or O2 should be sold off or the deal scrappedBritain’s competition regulator has called on the European commission to block the owner of Three’s £10.25bn acquisition of O2,or force the combined mobile phone operator to shatter itself up to protect consumers.
Hutchison Whampoa, the Hong Kong conglomerate that owns Three, and agreed in March 2015 to buy O2 from Telefónica of Spain. The deal would create Britain’s biggest mobile phone company and reduce the number of UK network owners from four to three: Hutchison,BT and Vodafone.
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Source: theguardian.com