Mobile

O2 and Three's £10.25bn merger facing EU inquiry

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By Natalie Mortimer | N/A

October 31, 2015 | 2 min read

The planned £10.25bn merger of mobile networks O2 and Three is facing a bump in the road after EU competition regulators raised concerns the deal could lead to "higher prices, less choice and reduced innovation" for customers.

O2-owner Telefonica has made high stake investments in digital advertising

The merger, which was confirmed in March this year, would create a business with 31 million customers and a bigger market share than that of BT/EE, Sky News reports.

The European Commission will now investigate the ramifications for consumers, a move that comes after the UK's Competition and Markets Authority (CMA) provisionally cleared the tie-up between BT and EE.

O2-owner Telefonica has made high stake investments in digital advertising

The Commission's regulators have until March next year to complete the investigation.

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