UPDATE 1-Sky's concerns about O2-Virgin Media merger in UK addressed, says O2 CEO [Reuters]
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Source: Reuters
UPDATE 1-Sky's concerns about O2-Virgin Media merger in UK addressed, says O2 CEO By Paul Sandle 2 Min Read (Adds details on performance, additional quotes) LONDON, Feb 25 (Reuters) - Sky’s concerns about a planned merger between British mobile operator O2 and Virgin Media have been addressed, the chief executive of Telefonica UK’s O2 unit said, clearing one objection to the $38 billion deal expected to close mid-year. Sky said in a submission to the Competition and Markets Authority (CMA) made in February it was concerned the merger could have a significant adverse impact on competition by harming Sky Mobile. The submission was published on Wednesday. “Since that time I can confirm that both organisations have reached an agreement which addresses their concerns in full, and the CMA is fully aware of that situation,” O2 CEO Mark Evans said in an interview after Telefonica published full-year results. Virgin Media is a direct competitor to Sky’s pay-TV and broadband business, while Sk
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