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UK regulator provisionally clears Virgin Media/O2 JV

The U.K.’s competition authority dismissed concerns that a merger of mobile operator O2 and fixed operator Virgin Media would have negative implications on wholesale services, provisionally clearing the proposed deal without conditions. In a statement, the Competition and Markets Authority (CMA) said its investigation concluded the combination of the businesses was unlikely to have a negative effect on either fixed or mobile...

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UK telcos commit to pay $1.88 billion for additional 5G spectrum

The U.K. has completed its latest 5G spectrum auction, raising a total of GBP 1.35 billion ($1.88 billion), telecommunications regulator Ofcom said in a release. Ofcom said that local carriers EE, Hutchison 3G UK, Telefonica’s O2 and Vodafone took part in the principal stage of the auction, which involved them bidding for airwaves in 34 lots to determine how much of the available spectrum they each secured. EE secured 2×10...

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Liberty Global confident on closing Virgin Media/O2 JV by mid-2021: CEO

Liberty Global CEO Mike Fries said that a merger of its Virgin Media UK brand with Telefonica’s local mobile operator O2 was on track to be completed this year, citing positive progress being made with regulators. The executive noted the transaction was expected to meet its estimated closing date of mid-2021 and would create a “fixed-mobile champion” in the market. The deal, announced in May 2020, is currently being analyzed by...