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EU blocks Hutchison deal to buy Telefonica's O2 UK

Commission said allowing acquisition would have led to higher British mobile prices

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Telefonica has said it had plenty of options for O2 UK if the Hutchison deal fell through, including finding another buyer for all or part of the business, a stock market listing, or investing further in the subsidiary.

Brussels

THE European Union's competition regulator blocked on Wednesday CK Hutchison Holdings' plan to become Britain's biggest mobile telecoms network operator in a decision which also cast doubts on whether it can win approval for another deal in Italy.

The European Commission