CMA green lights £31B merger of telecoms giants Virgin and O2

The Competition & Markets Authority (CMA) has given the green light to a £31 billion merger of telecoms giants Virgin and O2.

Provisional approval of the deal was granted last month but today’s announcement clears the companies to form a combined entity that can better compete against BT/EE after their own £12.5 billion merger in 2016.

Virgin and O2 both sell wholesale services to a number of mobile operators in the UK. In the case of Virgin, their wholesale...

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...