EU blocks Hutchison deal to buy Telefonica's O2 UK
Commission said allowing acquisition would have led to higher British mobile prices
Thu, May 12, 2016 - 5:50 AM
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.
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.