EC keeps hold of Hutch/O2 investigation

first_img Previous ArticleIndia’s RCom agrees to sell tower assetsNext ArticleNokia closes HERE deal BT preps renewed 5G push, pandemic hits earnings Related Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including… Read more Author Tags BT consumer boss opens net neutrality debate Richard Handford Home EC keeps hold of Hutch/O2 investigation BT mulls options for sports TV service The European Commission turned down a request from the UK’s competition authority to lead the probe into Hutchison 3 UK’s proposed acquisition of Telefonica O2.The commission concluded it was better placed than the Competition and Markets Authority (CMA) because of its recent experience in assessing deals in the mobile sector.In support of its argument, the EC pointed out it has run investigations in recent years in both mobile and fixed sectors in Denmark, Germany, Ireland, Netherlands, Spain and the UK.If the commission leads on Hutch/O2 too, then there will be greater consistency in the application of merger rules, it argued.The CMA, which is assessing BT’s proposed £12.5 billion offer for EE, made its request about the Hutch-O2 deal in October. Member states can use the so-called Article 9 to apply to consider mergers nationally rather than in Brussels, providing the competitive effects of any deal are purely national.Nonetheless, the commission said it will continue to cooperate with the UK competition authority in its assessment of the case.The EC’s own in-depth investigation in Hutch/O2 opened on 30 October 15 and has a deadline of of 18 April 2016 to reach a final decision. AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 04 DEC 2015 BTECEEHutchO2last_img

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