European Commission opens in-depth investigation into hutchison's proposed acquisition of Telefónica UK

The European Commission has opened an in-depth phase 2 investigation to assess whether the proposed acquisition of Telefónica UK by Hutchison would harm competition. The transaction would combine Telefónica UK with Three UK, a subsidiary of Hutchison, which are respectively the second and the fourth largest mobile network operator (MNO) in the UK. This would create the largest MNO in the UK. Click here.