Wednesday, October 29, 2025
30.2 C
Lagos

EU Expected to Block UK Mobile Mergers

A merger of two of the UK’s mobile networks is expected to be blocked by European Union competition authorities concerned about consolidation in the market.

Hutchison 3G UK has offered $14.5 billion to buy rival operator,O2 from its Spanish parent, Telefonica, but the move would see the market consolidate down to just three mobile networks.

Citing sources familiar with the EU regulators, Bloomberg reported that the regulators were not convinced that an offer to boost MVNO services would offset the loss of competition in the market.

UK competition regulators recently wrote to their European counterparts calling for the merger to be blocked.

The EU may consider approving the merger, but only if the companies agree to sell part of their network infrastructure to a new entrant into the market.

The UK used to have five mobile networks, but the merger of Orange and T-Mobile into EE reduced that to four. The other operators are Vodafone, O2 and Three.

spot_img
spot_img
spot_img

Hot this week

NGX Group Chair, Umaru Kwairanga, Draws Roadmap for Leadership in Nigeria

   Being the remarks by Alhaji (Dr.) Umaru Kwairanga, Group...

NCRIB to Partner State Govts to Drive Insurance Penetration in Nigeria

L-R: Mr. Tope Adaramola, Executive Secretary; Mrs. Ekeoma Ezeibe,...

OPay – From Payment Platform to Lifestyle Ecosystem

By Moses Braimah Out of curiosity, I decided to spend...

Dangote and the Nigeria Refinery Revolution

  Beyond the Monopoly Myths By Moses Braimah When the Dangote...

Anambra Tops 2025 State of States Fiscal Performance Ranking

BudgIT, Nigeria’s leading civic-tech organisation promoting fiscal transparency and...

Topics

WIMBIZ Co-Founder Charges Olashore School Graduates on Excellence

The Co-Founder of Women in Business, Management, and Public...

FOR THE RECORD

A PAPER ON THE PROPOSED COMMUNICATIONS SERVICES TAX BILL...

NGX Highlights Opportunities in Green, Sukuk Bonds

Nigerian Exchange Limited (NGX) continues to drive the development...

Unity Bank Grows Gross Earnings to N27.5bn in H1’2023

Retail lender, Unity Bank Plc grew its deposits to...

Sanlam General CEO, Bode Opadokun, Wins 2023 CEO Today Africa Award

The CEO Today Africa Awards celebrates exceptional leaders who...

Re: Tax Tribunal Orders NLNG to Pay $27.5m to FIRS as 2016 Revised Corporate Income Tax

Nigeria LNG Limited (NLNG) has noted media reports suggesting...

African Aviation Generates $80bn in GDP Per Year

· Carries 70m Passengers · Creates 6. 9m Jobs The International...

Nigeria Losing N5.6bn Per Day over Fuel Crisis

Nigeria is losing over N5.6 billion per day in...
spot_img

Related Articles

Popular Categories

spot_imgspot_img