CMA could request oversight of O2 UK, Three UK deal

17 Sep 2015

Following the confirmation earlier this week that Hong Kong-based CK Hutchison had filed an application seeking approval of its bid for O2 UK to the European Commission (EC), the UK’s Competition and Markets Authority (CMA) is now seemingly keen to weigh in on the matter. According to Reuters, the British competition body is seeking views on whether the proposed merger of O2 UK with CK Hutchison subsidiary Hutchison 3G UK (Three UK) will substantially lessen competition in the country’s mobile sector. Should the CMA decide that the proposed deal would have a significant impact on the market it could opt to ask the EC for the right to conduct an in-depth examination of the deal. With the EC expected to reach a decision on whether or not to clear the merger of O2 UK and Three UK by 16 October, the CMA has said that, given the short amount of time it has to make any request to the Commission, any submissions regarding the matter should be made by a deadline of 24 September.

United Kingdom, CK Hutchison, Hutchison 3G UK (Three UK), O2 UK, Telefonica