EU blocks mega sale of Britain's O2 to Hutchison
Brussels - Arab Today
The European Commission on Wednesday shot down Telefonica's blockbuster sale of British telecom giant O2 to Hong Kong group Hutchison on fears it would inflict higher prices on British consumers.
"The Commission has blocked the proposed acquisition of O2 by Hutchison under the EU Merger Regulation," the Commision, the EU's anti-trust regulator, said in a statement.
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