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Britain’s competition regulator on Thursday cleared the multi-billion pound merger between broadband company Virgin Media and Telefonica’s UK mobile network O2 after a months-long review for potential lessening of competition in the country.
“After looking closely at the deal, we are reassured that competition amongst mobile communications providers will remain strong and it is therefore unlikely that the merger would lead to higher prices or lower quality services,” said Panel Inquiry Chair Martin Coleman for UK’s Competition and Markets Authority. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Subhranshu Sahu)