Tuesday, 25 July 2017

CK Hutchison mulls legal challenge as EC thwarts its UK ambitions

By Total Telecom staff
Wednesday 11 May 16

The European Commission announces decision to block proposed O2/3 UK merger.

CK Hutchison said it is considering its options, including a possible legal challenge, after the European Commission decided to block the Hong Kong-based company’s proposal to buy O2 UK and merge it with 3 UK. In a short statement issued after the EC announced the ruling, CK Hutchison said it was “deeply disappointed” that the commission had decided to prohibit the merger between 3 UK and O2 UK. “We strongly believe that the merger would have brought major benefits to the UK, not only by unlocking £10 billion of private sector investment in the UK&rsquo…

CK Hutchison said it is considering its options, including a possible legal challenge, after the European Commission decided to block the Hong Kong-based company’s proposal to buy O2 UK and merge it with 3 UK. In a short statement issued after the EC announced the ruling, CK Hutchison said it was “deeply disappointed” that the commission had decided to prohibit the merger between 3 UK and O2 UK. “We strongly believe that the merger would have brought major benefits to the UK, not only by unlocking £10 billion of private sector investment in the UK&rsquo…

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