Virgin and O2’s merger is granted provisional approval

The Competition and Markets Authority (CMA) has granted provisional regulatory approval of Virgin’s proposed merger with O2.

In November last year, the European Commission – which, pre-Brexit, had regulatory oversight over the deal – referred the proposed merger to the UK’s competition regulator.

Andrea Coscelli, Chief Executive at the CMA, said at the time:

“These are incredibly important UK markets, that continue to evolve, and the deal needs to be...

European Commission refers Virgin Media–O2 merger to the CMA

The European Commission has referred a proposed merger between Virgin Media and O2 to the Competition and Markets Authority (CMA).

Virgin Media and O2 confirmed their intention to merge back in May. Naturally, the £31 billion deal is being scrutinised by regulators.

https://www.youtube.com/watch?v=0-PZkudXsWo

The CMA formally requested the case be transferred on October 8th, shortly after the European Commission launched its investigation. Today, the European...