Light Reading – Eurobites: EU Vetoes O2/3 Combo

Commenting on the Commission’s decision, Bengt Nordström, the CEO of analyst and consulting company Northstream, told Light Reading: “I think there will be a very negative reaction in the investment community and this will scare investors away from the sector in Europe for some time. This is very disappointing for 3 and we can assume Telefónica will try to find a different buyer — most likely a private equity buyer — but they will never get near the scale advantage of a combined 3 and O2.”

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Next read - Europe officially blocks Three O2 deal, Hutch considers legal challenge

Here’s a round-up of third party commentary on the decision, which is mainly critical. Bengt Nordstrom, Northstream: “Today’s decision will not lead to the EU’s desired outcome for the UK mobile market. Continuing as things stand will not lead to more competitive prices and service choice for consumers. It also won’t encourage operators to continue [...]
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