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Sector
Financials
Size
Mid Cap
Market Cap £507.6m
Enterprise Value £506.5m
Revenue £n/a
Position in Universe 3199th / 6825

Telefonica UK addresses Sky's O2-Virgin merger concerns - O2 CEO

Thu 25th February, 2021 8:45am
LONDON, Feb 25 (Reuters) - The chief executive of Telefonica
UK's  TEF.MC  O2 said concerns raised by partner Sky over the
merger between O2 and Virgin Media  LBTYA.O  had been addressed.
    Sky  CMCSA.O  had said in a submission to the Competition
and Markets Authority (CMA) early 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," Mark Evans said in an
interview after O2 published its full-year results. 
    Virgin Media is a direct competitor to Sky's pay-TV and
broadband business, while Sky uses O2's network to provide
mobile services to its customers.
    
    

 (Reporting by Paul Sandle, editing by Estelle Shirbon)
 ((paul.sandle@thomsonreuters.com; +44 20 7542 6843; Reuters
Messaging: paul.sandle.thomsonreuters.com@reuters.net))
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