Reports suggest Hong Kong's CK Hutchinson will not offer further concessions to gain regulatory approval to acquire O2, amid speculation that the European Commission 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. A final decision on the matter from the EU antitrust watchdog is expected by The acquisition of O2 would be a major blow for British Telecom, which has been struggling with falling revenues and declining market share since it was spun off from BT Group last year.
Reports suggest Hong Kong's CK Hutchinson will not offer further concessions to gain regulatory approval to acquire O2, amid speculation that the European Commission 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. The acquisition of O2 would be a major blow for British Telecom, which has been struggling with falling revenues and declining market share since it was spun off from BT Group last year.