UK retains 'big four' mobile carriers as EU blocks Three’s O2 merger
The EU Commission has canned mobile network Three’s proposed takeover of rival O2 in order to preserve competition in the market.
It operated under fears that the UK’s mobile carrier competition would shrink to three operators as part of the £10.3bn agreement between Three owner Hutchison Whompoa and O2.
Three vows to appeal the decision made by Margrethe Vestager, EU competition commissioner who warned that the takeover would harm the market, damaging both consumers and the development of further infrastructure.
Vestager, said: “We want the mobile telecoms sector to be competitive, so that consumers can enjoy innovative mobile services at fair Read full story ›
Source: The Drum
