BSR
BSR
  • Home
  • Distressed Businesses
    • All Distressed Businessess
    • Administrations
    • Liquidations
    • Winding Up
    • Insolvency Advice  New
  • Buy a Business
    • All Businesses for Sale
    • Find a Business for Sale
    • Raising Business Finance
    • Buyer Acquisition Service   New
    • Escrow Service   New
  • Sell a Business
    • Sell Your Business
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / Brussels to block Three-O2 mega-merger

Brussels to block Three-O2 mega-merger

Mon, 18 Apr 2016 | MERGER

Brussels to block Three-O2 mega-merger

Antitrust regulators in Brussels are in the process of blocking the proposed merger between mobile operators Three and O2, according to several recent reports.

Three’s owner CK Hutchinson has proposed a deal worth £10.5 billion to acquire Telefonica’s UK business O2. However, the EU’s antitrust watchdog is reportedly in the process of stopping the merger, unless further concessions are put on the table.

The UK-based Competition and Markets Authority (CMA) recommended that Brussels takes action to block the move only a few days before the latest news. The UK regulatory body Ofcom has also come out against the proposed deal between the mobile operators. Both bodies fear that the deal would reduce competition in the UK mobile market and harm consumer choice.

The EU competition commissioner Margrethe Vestager said on Wednesday 13 April that she would take account of the strong resistance to the move in the UK.

Although no final decision has taken place, she said: “They work the same way as we do, so of course I take due note of what the regulators and the competition authority has said in this case.”

One proposal put forward by British competition authorities is that Three divides its operations to create a fourth mobile operator in the country, effectively replacing O2.

If the block goes ahead, CK Hutchinson is expected to appeal the decision — a process which could take up to a year before a final decision is reached.

For more information on this subject, see the following resources on post-merger integration.


Share this article



Latest Businesses for Sale

E-commerce Supplier of Coffee Products
UK Wide

The company produces and supplies a wide range of coffee products created using ethically sourced beans from South America. The core products comprise wholebeans, grounds, single-origin roasts, blends, cold brews and compostable pods.

Asking Price: £300,000
Turnover: £200,000

LEASEHOLD


Mediterranean & English Cafe Restaurant
South East, UK

The business was first established by the owner in 2019, building up an excellent reputation during its time of trading. As seen by some online ratings and reviews, the business is extremely popular within the local area.

Asking Price: Offers Invited
Turnover: £390,000

LEASEHOLD


Manufacturer & Supplier of Day Surgery Tables
UK Wide

The company offers a variety of day surgery tables, all of which are manufactured with reliability, performance and manoeuvrability in mind. The family-run business supports all clients post-sale with planned preventative maintenance solutions, offer...

Asking Price: Offers Invited
Turnover: £400,000

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
03
 
Feb
 

Social media marketing firm acquired at up to 41.6x operating profit | BUSINESS SALE

Manchester-based social media and influencer marketing agenc...

 
03
 
Feb
 

Pub group planning to sell 1,000 sites as pressures on hospitality mount | COMMERCIAL PROPERTY

Stonegate Group, the UK’s largest pub company, is repo...

 
02
 
Feb
 

Babble hits 12 acquisitions in a year with double takeover | BUSINESS SALE

London-based cloud technology firm Babble has continued its ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
03
 
Aug
 

Byron Burger closes more than half its outlets in pre-pack deal | BUSINESS SALE

Byron Burger has been sold in a pre-pack deal that will see ...

 
29
 
Jun
 

Byron Burger on the brink of administration | ADMINISTRATION

The owners of fast-casual chain Byron Burger are preparing t...

 
05
 
May
 

Byron Burger owner seeks to sell chain | BUSINESS SALE

Three Hills Capital Partners, the majority shareholder of re...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Pricing
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.