UK regulator seeks to review O2-Virgin deal

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The two companies have agreed to merge their British businesses in a $38 billion deal that will pose much stronger competition to market leader BT (L:BT).

“Ultimately, this is a decision for the European Commission, but as the merger will only impact UK consumers – and any effects would only be felt after the end of the transition period – it is only right for the CMA to request it back,” said Andrea Coscelli, head of the Competition and Markets Authority.