By Paul Sandle
LONDON (Reuters) – CK Hutchison Holdings Ltd has received the opinion of the European Union on its plan to buy O2 call to create the largest mobile operator in the UK and reduce the number of network operators from four to three, according to a person familiar with the situation.
last October, the EU antitrust regulators launched a full investigation into the supply of 10,300 million pounds of Hutchison by the British subsidiary of the Spanish company concerned that the deal could drive up prices.
“Hutchison received a copy of the objections Thursday and he is now reviewing “the source said on Friday.
the company based in Hong Kong, which owns the Three operator, showed he was willing to deal with competition problems on Tuesday saying would freeze rates for five years if the deal gets regulatory seen good.
He also said it will invest 5,000 million pounds in its business in the UK.
The verdict antitrust regulators in the EU show if they maintain a harder line on a more concentrated market since September kicked out by land agreement in Denmark.
Companies European telecommunications argue that consolidation will allow them to invest in faster networks, but regulators are concerned that pressure on prices up.
the British telecoms regulator last month urged Brussels to block the alliance Three- O2, saying there was a risk that consumers will have to face higher bills.
the chief executive of the regulator Ofcom, Sharon White, said it could also damage the existing network sharing agreement.
Three currently has in place an agreement to share networks with EE BT network while Vodafone has it with O2.
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