European Regulator Issue Objections to Irish Mergers
Published on: 3rd Feb 2014
Note -- this news article is more than a year old.
Hutchison 3G has confirmed that it has received objections from the European Commission concerning its planned purchase of O2 Ireland.
The company said that it is analyzing the Statement and will be responding to the Commission's concerns.
The issuing of a Statement of Objections was not unexpected in the context of a Phase 2 merger investigation and the previous statements by the Commission that it would take a close look at in-country telecoms mergers going from 4 to 3 operators.
However, the company said that it feels competition in Ireland will be better served by three credible operators with sufficient scale to compete for a total market of 4.6 million, than by the current market structure.
Three said though that it will put forward remedies to address the Commission's concerns.