Virgin Media statement on O2-Three merger | Virgin Media

 

Virgin Media statement on O2-Three merger

5th February 2016

 

 

 

 

Commenting on the proposed merger between Three and O2 in the UK, Virgin Media Chief Executive Tom Mockridge said:

"‎Any competition concerns can be addressed without blocking the proposed O2-Three transaction.

"The Commission has previously cleared mobile mergers which resulted in a reduction in the number of mobile operators from four to three, subject to wholesale remedies.   In two of these cases, Austria and Ireland, Virgin Media's parent company Liberty Global provides vigorous competition and consumer choice as a result of taking EU remedies.

“The same can be true in the UK.  A combined O2-Three could have more to offer consumers and, crucially, more capacity for other providers who want to drive competition in their own right.   With the right remedies, this deal could stimulate not curb competition.”