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Three is not the magic number

Brussels O2 veto cements BT's home advantage

Fiona Maharg-Bravo 

Fiona Maharg-Bravo Brussels may have cemented BT's home advantage. Margrethe Vestager, the European antitrust tsar, rejected CK Hutchison's £10.3 billion takeover of Telefonica's British O2 on concerns that it would raise prices and harm innovation. That leaves several UK operators figuring out next steps while BT, after its purchase of mobile player EE, is in pole position to offer packages of mobile, landline, broadband and TV. It's been clear for some time that Brussels wasn't keen on the number of mobile players shrinking from four to three. The odds increased after UK regulators ...

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First Published: Wed, May 11 2016. 21:31 IST