Wednesday, July 2, 2025
23.3 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

Stanbic IBTC Bank Nigeria PMI: Output Growth Slows but Business Confidence Rises Sharply

The Nigerian private sector remained in growth territory as...

NIA: Insurance Week Designed to Boost Industry Awareness in Nigeria

Mr. Kunle Ahmed Chairman Nigerian Insurers Association (NIA) The Nigerian Insurers Association...

NAICOM Chief: The Future of Nigeria Depends on How We Manage Risks

Keynote Address by Mr. Olusegun Ayo Omosehin, Commissioner for...

SEC Canvasses Advanced Financial Inclusion by 2030

The Securities and Exchange Commission (SEC) has stressed the...

NCDMB to Champion “Nigeria First” Policy in Oil and Gas Sector

The Nigerian Content Development and Monitoring Board (NCDMB) has...

Topics

TagPay Wins Kalahari Award for Mobile Financial Services in Africa

Tagattitude, the innovative French FinTech has won a Kalahari...

TECNO Wins AITTA Phone of the Year 2019 Award

TECNO SPARK 3, a smartphone model by TECNO, a...

Marcel Ofomata Foundation to Host Free 2-Day Medical Outreach in Anambra to Mark 10th Anniversary

As part of its 10th Anniversary celebrations, the Marcel Ofomata...

Nigeria Seeks $21bn China Loan to Finance Budget

Nigeria’s Minister of Budget and National Planning and Senator...

COVID-19 Learnings – A Bird’s Eye View

Gradually, the COVID-inspired lockdown has begun easing up. As...

Leadway Health, NUPENG Partner to Provide Comprehensive Health Insurance for 5,000 Tanker Drivers

  L-R: President, Nigerian Association of Road Transport Owners (NARTO),...

Buharinomics: 4 CEOs Examine Opportunities for Private Sector

The swearing in of Nigeria’s new president Muhammadu Buhari has led to renewed optimism regarding economic progress in the country and new opportunities for the private sector, particularly in infrastructure development, consumer and financial services sectors. Four prominent businessmen, visiting Cape Town, South Africa for the World Economic Forum 2015, discussed the economic outlook for Nigeria under its new government at a breakfast hosted by RMB Nigeria. Christian Wessels, Deputy Group Managing Director of TGI Group, a leading Nigerian conglomerate, is confident that a more entrenched democracy has been established in Nigeria and sees the greatest opportunities in providing appropriate goods and services to a population of 175 million people.
spot_img

Related Articles

Popular Categories

spot_imgspot_img