European Commission likely to block sale of O2 to Three owner over competition grounds
by Agence France-Presse in Brussels from Technology | The Guardian on (#1CTRQ)
Source close to competition commissioner says decision likely due to fears loss of competit would lead to higher prices for British consumers
The European Commission is likely to block Telefonica's sale of the British telecom business O2 to Hutchison group in Hong Kong due to fears it would inflict higher prices on British consumers, a source told AFP on Wednesday.
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