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EU: Antitrust investigation into Three’s O2 purchase extended

 |  November 8, 2015

The European Commission has given itself more time to investigate the planned merger between UK mobile networks Three and O2.

A week after announcing plans to investigate the deal, the continent’s competition regulator has extended the deadline for its review to mid-April 2016.

The antitrust investigators are peering into the deal, which will see Three owner Hutchison hand over a whopping £10.25bn to Telefonica to take control of O2, if approved.

The commission will look into whether the deal will negatively impact competition in the UK, leading to higher prices and less choice for British consumers.

Full content: Reuters

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