The
European Commission said it would decide by Oct. 16 whether to
clear the deal, which would make Hutchison's Three UK business
the second-biggest of the UK’s three remaining network
operators.
The EU competition authority could either clear the deal with or
without conditions or open an extensive investigation if it has
serious concerns.
Hutchison could face a strong regulatory headwind after European
Competition Commissioner Margrethe Vestager earlier on Friday
said she was ready to veto a plan by TeliaSonera and Telenor to
combine forces in Denmark because they had not offered
sufficient concessions.
Hutchison, owned by Asia's richest man, Li Ka-shing, however is
no stranger to tough regulatory demands. It was forced to offer
significant concessions to secure the EU go-ahead for recent
deals in Austria and Ireland.
($1 = 0.6480 pounds)
(Reporting by Foo Yun Chee; editing by Andrew Roche)
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