LONDON (Reuters) – The British competition regulator has asked to review the merger between Liberty Global’s (O:) Virgin Media and Telefonica ‘s O2 (MC:) instead of Brussels because any impact on consumers will be felt in the UK and after Brexit.
The two companies have agreed to merge their British businesses in a $38 billion deal that will pose much stronger competition to market leader BT (L:).
“Ultimately, this is a decision for the European Commission, but as the merger will only impact UK consumers – and any effects would only be felt after the end of the transition period – it is only right for the CMA to request it back,” said Andrea Coscelli, head of the Competition and Markets Authority.
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