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O2 and Virgin Media win provisional UK approval for 31 billion pound merger


2 Min Read
LONDON (Reuters) -Britain’s competition watchdog said on Wednesday it had provisionally cleared the 31.4 billion pound ($43.3 billion) merger between broadband company Virgin Media and Telefonica’s UK mobile network O2.
FILE PHOTO: A man walks past an O2 phone store in Manchester, Britain March 7, 2016. REUTERS/Phil Noble
The Competition and Markets Authority (CMA), addressing one of its primary concerns, said that its investigation had concluded the deal was unlikely to result in a substantial reduction of competition in the supply of wholesale mobile services.
“A thorough analysis of the evidence gathered. has shown that the deal is unlikely to lead to higher prices or a reduced quality of mobile services – meaning customers should continue to benefit from strong competition,” said Martin Coleman, CMA Panel Inquiry Chair. ....

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UPDATE 1-UK's competition watchdog clears O2 and Virgin Media tie-up


UPDATE 1-UK s competition watchdog clears O2 and Virgin Media tie-up
Reuters
2 hrs ago
LONDON, April 14 (Reuters) - Britain s competition watchdog said on Wednesday it has provisionally cleared a merger between broadband company Virgin Media and Telefonica s UK mobile network O2 after an investigation into the $38 billion deal s potential impact.
The Competition and Markets Authority said that its investigation had focused on whether the deal was likely to result in a substantial reduction of competition in the supply of wholesale mobile services and concluded this was unlikely.
A thorough analysis of the evidence gathered during our phase 2 investigation has shown that the deal is unlikely to lead to higher prices or a reduced quality of mobile services – meaning customers should continue to benefit from strong competition, said Martin Coleman, CMA Panel Inquiry Chair. ....

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UK's competition watchdog clears O2 and Virgin Media tie-up


By Reuters Staff
2 Min Read
FILE PHOTO: A man walks past an O2 phone store in Manchester, Britain March 7, 2016. REUTERS/Phil Noble
LONDON (Reuters) -Britain’s competition watchdog said on Wednesday it has provisionally cleared a merger between broadband company Virgin Media and Telefonica’s UK mobile network O2 after an investigation into the $38 billion deal’s potential impact.
The Competition and Markets Authority said that its investigation had focused on whether the deal was likely to result in a substantial reduction of competition in the supply of wholesale mobile services and concluded this was unlikely.
“A thorough analysis of the evidence gathered during our phase 2 investigation has shown that the deal is unlikely to lead to higher prices or a reduced quality of mobile services – meaning customers should continue to benefit from strong competition,” said Martin Coleman, CMA Panel Inquiry Chair. ....

United Kingdom , City Of , Iain Withers , Martin Coleman , Dhara Ranasinghe , Lutz Schuler , Sarah Young , Thomson Reuters Trust Principles , Panel Inquiry Chair , Bt Group , Liberty Global Plc , Virgin Media , Markets Authority , Thomson Reuters Trust , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , இயேந் வாடிவிடும் , மார்டின் கோல்மேன் , லூட்ஸ் ஸ்கூலர் , சாரா இளம் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , குழு விசாரணை நாற்காலி , பிடி குழு , சுதந்திரம் உலகளாவிய ப்ல் , கன்னி மீடியா , சந்தைகள் அதிகாரம் ,