EU regulators approve Three's purchase of O2 Ireland


EU regulators approve Three's purchase of O2 Ireland
EU regulators today approved the deal between Three and Telefonica, which sees Three acquiring O2 Ireland for approximately €780 million.

The decision comes almost a year after the deal was initially agreed upon, but is subject to certain conditions. 3 Ireland must facilitate the entry of two new mobile competitors into the Irish market and offer 30% of its network capacity to these new operators. 3 Ireland must also offer improved terms to Meteor on network sharing, thereby assisting in Meteor’s 4G rollout.

Previously, parent company Hutchison Whampoa said that it wouldn’t be able to grow the Irish arm of its operation sufficiently to make the company profitable without the approval of the merger.

Three’s CEO, Robert Finnegan, said that this merger will enable the network to provide value to customers. He added, “With the combined strengths of the two businesses, 3 will have the scale and financial strength necessary to compete more aggressively against the number one in the market.”

EU regulators approve Three`s purchase of O2 Ireland on
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