British competition regulators are fighting a rearguard action against Brussels in a bid to scrutinise a Hong Kong tycoon‘s £10.25 billion takeover of O2, the UK’s second-biggest mobile phone network, Sky news reported.
The CMA is lobbying the Government and European counterparts to argue that the takeover of O2 should be overseen by domestic regulators.
Under European law, major cross-border deals are scrutinised by Brussels unless at least two-thirds of each party’s business is conducted in the relevant EU member state.
Full Content: Sky News
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google Appeals Record €4.12 Billion EU Antitrust Fine Over Android
Jan 28, 2025 by
CPI
SGS Ends $30 Billion Merger Talks with Bureau Veritas Over Agreement Issues
Jan 27, 2025 by
CPI
Judge Denies Class Status in Antitrust Case Against Meta
Jan 27, 2025 by
CPI
Morgan Lewis Expands London Office with Strategic Hires in Antitrust and Structured Finance
Jan 27, 2025 by
CPI
Novo Nordisk Caps Insulin Prices in Settlement with Minnesota Attorney General
Jan 27, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon