{"id":86260,"date":"2020-10-01T11:55:36","date_gmt":"2020-10-01T11:55:36","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=297981"},"modified":"2020-10-01T11:55:36","modified_gmt":"2020-10-01T11:55:36","slug":"ec-sets-date-for-o2-uk-virgin-media-decision","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/10\/01\/ec-sets-date-for-o2-uk-virgin-media-decision\/","title":{"rendered":"EC sets date for O2 UK, Virgin Media decision"},"content":{"rendered":"

<\/p>\n

\tThe European Commission (EC) set a provisional deadline of 5 November to complete a review into the merger of Telefonica and Liberty Global\u2019s UK operations, a deal which could drastically increase competition in the country\u2019s converged communications market.<\/p>\n

Its deadline is for an initial look at the deal and, although some M&A activity does get waived through at this stage, mega-mergers in the communications sector [1] tend to warrant longer, more in-depth competition investigations.<\/p>\n

If needed a wider probe would be announced prior to, or on, the November deadline.<\/p>\n

A proposed tie-up between Liberty Global\u2019s cable fixed and TV operation Virgin Media and Telefonica-owned mobile operator O2 UK was announced in May [2]. It is expected to close in mid-2021, if cleared by authorities.<\/p>\n

The companies intend to take a 50 per cent stake in the merged company, with Liberty Global paying a \u00a32.5 billion sum to Telefonica as part of the deal.<\/p>\n

Although European authorities have already begun assessing the competition implications of the agreement, they may yet lose ultimate responsibility for clearing it.<\/p>\n

Earlier this year Financial Times reported comments from the UK\u2019s Competition and Markets Authority (CMA), insisting it should have the final say on the deal due to it only impacting the nation.<\/p>\n

The CMA also argued the EC\u2019s review would likely spill beyond the end of the UK\u2019s transition period of leaving the European Union at the end of 2020.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/ec-clears-vodafone-liberty-global-tie-up
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/telefonica-liberty-global-agree-massive-uk-merger<\/p>\n\n

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<\/p>","protected":false},"excerpt":{"rendered":"

The European Commission (EC) set a provisional deadline of 5 November to complete a review …<\/p>\n

The post EC sets date for O2 UK, Virgin Media decision<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":246,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"EC sets date for O2 UK, Virgin Media decision - ITTeacherITFreelance.hk","description":"The European Commission (EC) set a provisional deadline of 5 November to complete a review ... The post EC sets date for O2 UK, Virgin Media decision appeared f"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/86260"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/246"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=86260"}],"version-history":[{"count":2,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/86260\/revisions"}],"predecessor-version":[{"id":88024,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/86260\/revisions\/88024"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=86260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=86260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=86260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}