CMA opens merger review of Liberty Global-Telefónica JV following European Commission acceptance of Article 9 request
The CMA has launched a first phase merger review following the acceptance by the European Commission of an Article 9 reference request concerning the proposed JV between Liberty Global and Telefónica S.A to merge their UK operating businesses (Virgin Media/Virgin Mobile and O2).
It will be recalled that in 2015, the European Commission rejected the CMA’s request for referral of the Hutchison 3G /Telefonica UK merger. It concluded that, although the merger would affect retail and wholesale mobile telecoms markets in the UK, the Commission was better placed to deal with the case.
The CMA has confirmed the parties have submitted a fast-track reference request.
The CMA invited comments on the merger and fast track reference request by 26 November.
https://www.gov.uk/government/news/european-commission-refers-review-of-virgin-and-o2-deal-to-cma
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