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EU to block Hutchison, O2 UK deal within weeks - report
2016-04-18 21:40:00| Telecompaper Headlines
(Telecompaper) Hutchison's plan to take over Telefonica's UK mobile phone business is set to be formally blocked by EU regulators within weeks, reports Bloomberg. According to two unnamed sources familiar with the talks, EU anti-trust officials have failed to be won over by Hutchison's offers to sell network capacity to MVNOs, believing this will not create sufficient competition to prevent potential price hikes. Regulators are understood to be holding out for 3 UK/O2 UK to offer to sell part of their network to a new operator. The Sunday Telegraph reported that Hutchison is already preparing to mount a legal challenge to any EU move to block the takeover.
Tags: within
report
weeks
deal
Deal Scrapheap Starts to Fill Up As Mega-Mergers Fall Apart an hour ago
2016-04-18 08:52:32| Railroads - Topix.net
The deal junkyard is getting crowded. Of the $3.2 trillion in deals announced in the past eight months, about nine percent -- worth $294 billion -- have already fallen apart, according to data compiled by Bloomberg.
Hutch faces collapse of UK deal, focuses on Italy
2016-04-18 02:00:00| Total Telecom industry news
European Commission could rule against 3UK/O2 merger plan by end-April, sources say; Hutchison's lawyers working on legal challenge.
Tags: deal
italy
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collapse
Some oil companies undeterred as global leaders sign on to Paris climate deal
2016-04-18 01:06:56| Energy - Topix.net
With almost 150 countries, including Canada, poised to sign the Paris climate agreement at the end of this week in New York, some of the world's biggest oil companies aren't convinced there's any end in sight for fossil fuel use. Prime Minister Justin Trudeau will be among signatories from some 147 countries convening Friday at the United Nations headquarters on Earth Day, the first opportunity to formally sign the global climate agreement completed in December.
Tags: sign
global
companies
paris
Oil prices fall after producers fail to reach deal at Doha's meeting to freeze output
2016-04-18 01:00:00| Offshore Technology
There has been a fall in oil prices after major oil producers failed to reach an agreement to freeze output at a meeting in Doha on 17 April.
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