EU blocks Three's ?10 billion takeover bid for Telefonica's O2

[Windows Central]

The EU has blocked the CK Hutchison ? owner of Three UK ? bid to take over Telefonica's O2 operations in the UK due to concerns that the merger would limit customer choice and increase prices. As reported by the BBC, the deal was to be worth around ?10.3 billion, reducing the number of major operators to just three ? EE, Three and Vodafone.

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