Monday, 24 July 2017

Hutchison pledges price freeze, capacity sale to win over Brussels

By Mary Lennighan, Total Telecom
Thursday 04 February 16

Hong Kong telco responds to recent comments from Ofcom, makes three pledges around proposed 3UK/O2 tie-up.

CK Hutchison on Thursday made a series of promises in an attempt to win European Commission support for its planned acquisition of O2 in the U.K., including a pledge to freeze prices for five years, a hefty investment plan, and the sale of network capacity to enable more competition in the market. The announcement comes as Brussels prepares to issue its statement of objections to the deal and just days after Ofcom CEO Sharon White expressed her opposition to the proposed 3UK/O2 tie-up, warning that the deal could, amongst other things, lead to increased prices for U…

CK Hutchison on Thursday made a series of promises in an attempt to win European Commission support for its planned acquisition of O2 in the U.K., including a pledge to freeze prices for five years, a hefty investment plan, and the sale of network capacity to enable more competition in the market. The announcement comes as Brussels prepares to issue its statement of objections to the deal and just days after Ofcom CEO Sharon White expressed her opposition to the proposed 3UK/O2 tie-up, warning that the deal could, amongst other things, lead to increased prices for U…

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