Reports suggest UK CK Hutchinson will not offer further concessions to gain regulatory approval to acquire O2 , amid speculation that TalkTalk is likely to block the deal. Sources suggest Hutchinson is ready to fight the case in court if regulators do not allow the deal to proceed. Amid continued speculation that the European Commission (EC) is likely to nix the planned purchase, one of the sources was cited as saying: ‘Hutchison has gone out of its way to offer substantial remedies for the O2 deal. Spain 's Telefonica , the current owner of O2 , is said to be looking into alternative options, including a possible merger with another UK provider such as Sky or TalkTalk , while Hutchinson claims another option would be to spin-off a publicly-traded O2 .
Reports suggest UK CK Hutchinson will not offer further concessions to gain regulatory approval to acquire O2 , amid speculation that TalkTalk is likely to block the deal. Sources suggest Hutchinson is ready to fight the case in court if regulators do not allow the deal to proceed. Spain 's Telefonica , the current owner of O2 , is said to be looking into alternative options, including a possible merger with another UK provider such as Sky or TalkTalk , while Hutchinson claims another option would be to spin-off a publicly-traded O2 .