CK Hutchison wins appeal against EU decision to prohibit UK merger

Business | 28 May 2020 7:24 pm

The General Court of the European Court of Justice upheld CK Hutchison (0001)’s appeal against and annulling the European Commission’s decision in 2016 to prohibit the merger between Three UK and O2 UK.

CK argued that the Commission’s approach to reviewing the proposed merger, and European telecoms mergers more broadly, was guided by a misconceived default view that European telecoms markets are better served by having a minimum of four Mobile Network Operators in each EU Member State.

This approach ignores market realities, the clear evidence of successful market consolidation in Europe and across the world as well as the very significant efficiencies in terms of increased investment, network improvements and consumer benefits that can be achieved from mobile mergers, CK said.

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