EU antitrust regulators see no points with Vodafone Hutchison cellular tie-up

BRUSSELS (Reuters) – Vodafone and CK Hutchison’s $19 billion cellular merger in Britain doesn’t pose any competitors considerations to EU antitrust regulators, in response to a European Fee submitting.

The businesses sought approval from the EU competitors enforcer for his or her bid to create the UK’s greatest cellular operator on Oct. 30.

The Fee, which set a Dec. 6 deadline for its determination, is reviewing the deal underneath its simplified process.

It makes use of this procedures for mergers which aren’t prone to elevate competitors considerations and the place clearance is a foregone conclusion.

The deal in distinction faces intense scrutiny from the UK’s Competitors and Markets Authority as a result of it can scale back the variety of networks from 4 to a few, a threshold which regulators fear might scale back competitors.

(Reporting by Foo Yun Chee; Modifying by Kirsten Donovan)