Hutchison who own Three are taking legal action against the EU over the blocking Three and O2's merger. This may be aimed at the ambitions for further mergers in the EU especially Italy.
http://www.telegraph.co.uk/business/...three-o2-merg/
Quote:
“Victory in court would be unlikely to revive the UK tie-up, as the agreement between Hutchison and O2's owner Telefonica has lapsed. The Spanish giant is now working toward floating a minority stake in O2.
However, Hutchison could seek compensation and seek to set a precedent for further consolidation of the European mobile market. It is in the midst of a takeover in Italy, for instance, and needs EU approval.”
“Victory in court would be unlikely to revive the UK tie-up, as the agreement between Hutchison and O2's owner Telefonica has lapsed. The Spanish giant is now working toward floating a minority stake in O2.
However, Hutchison could seek compensation and seek to set a precedent for further consolidation of the European mobile market. It is in the midst of a takeover in Italy, for instance, and needs EU approval.”
http://www.telegraph.co.uk/business/...three-o2-merg/



