Commission refers Telefonica Liberty Global joint venture to UK competition authority
The proposed joint venture will combine Telefónica's UK Limited business (“O2”) and Liberty Global's Virgin Media business (“Virgin Media”).
Both companies are active in the telecommunications sector in the UK.
The evidence gathered by the Commission confirmed that the proposed transaction threatens to affect competition in the telecommunications sector in the UK, where Telefonica and Liberty Global are currently two large market players.
Based on an overall assessment, the Commission decided to refer the proposed transaction to the CMA which will deal with the case under UK national law. ■