The CMA cleared the transaction without remedies on Thursday. That means that “all regulatory conditions are met in alignment with the original terms and the transaction is now expected to close by June 1,” the companies said.
Mike Fries, CEO of Liberty Global, and José Maria Alvarez-Pallete, CEO of Telefonica, said in a joint statement: “This is a watershed moment in the history of telecommunications in the U.K. as we are now cleared to bring real choice where it hasn’t existed before, while investing in fiber and 5G that the U.K. needs to thrive.”
None of these mega-merger deals have been good for the consumer as seen previously with BT acquiring EE in 2016 and immediately announcing 7% price increases, the unanswered question with this merger is 02 is the network Sky Mobile uses, Sky of course is Virgin Media direct rival