Friday, 9 October 2020

CMA Article 9 referral request in Liberty Global (Virgin Media) / Telefónica (O2) merger

CMA Article 9 referral request in Liberty Global (Virgin Media) / Telefónica (O2) merger

The Competition and Markets Authority (CMA) has made a request to the European Commission under Article 9 of the EU Merger Regulation to request the transfer of the proposed JV between Liberty Global and Telefónica to merge their UK businesses.

The CMA believes that the case should be transferred to the UK given its potential impact on competition in several retail and wholesale telecommunication markets in the UK.

The CMA considers that any impact on competition will be limited to UK consumers.

In 2015, the European Commission rejected the CMA's request for referral of the Hutchison 3G /Telefonica UK merger.

The European Commission must take its decision on whether or not to refer the case to be investigated by the CMA under the Enterprise Act 2002 by 19 November 2020.

https://www.gov.uk/government/news/cma-requests-review-of-virgin-and-o2-merger

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