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Telefónica: British regulator accelerates the merger of Virgin Media and O2 in the United Kingdom



Good news for Telephone. The British regulator has accelerated the review of the merger process between Virgin Media Y O2 in the UK, trademarks Liberty Global Y Telephone in this market. Even so, the operator's titles yield 3%, after conclude this Thursday the period that gave the right to receive the next dividend of € 0.194 gross per share.

The competition authority – Competition and Markets Authority (CMA) – has accepted the request of both companies to speed up Phase 2 of your review "through a 'fast track' process".

"The fast track option provides flexibility in the CMA process and allows these cases progress efficiently and quickly", explained the regulator, so this is positive news for the operator.

Telephone arrived in May at a agreement with Liberty Global to merge their businesses in the UK and form a 'joint venture' 50% owned by both companies (O2 Holdings and Virgin Media, respectively) that will create an integrated telecommunications provider in the United Kingdom with over 46 million video, broadband and mobile subscribers and revenues of approximately £ 11 billion.

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