UK regulator provisionally clears Virgin-O2 merger

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The U.K. Competition and Markets Authority said Wednesday that it has provisionally cleared the proposed merger between the U.K. operations of John Malone's...

The U.K. Competition and Markets Authority said Wednesday that it has provisionally cleared the proposed merger between the U.K. operations of John Malone's Liberty Global PLC and Telefonica SA.

The CMA said its review focused on whether the merger could lead to reduced competition in wholesale services, as it wasn't concerned about overlapping retail services due to the small size of Virgin Mobile.

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