(Hong Kong, 11 May 2016) We are deeply disappointed by the Commission's Decision to prohibit the merger between Three UK and O2UK. We will study the Commission's Decision in detail and will be considering our options, including the possibility of a legal challenge.
We strongly believe that the merger would have brought major benefits to the UK, not only by unlocking £10 billion of private sector investment in the UK's digital infrastructure but also by addressing the country's coverage issues, enhancing network capacity, speeds and price competition for consumers and businesses across the country and dealing with the competition issues arising from the current significant imbalance in spectrum ownership between the UK's MNOs.
CKHH will now focus on working with the Commission towards clearance of our proposed merger with Wind and 3 Italia and continue to pursue strategies to bring value to CK Hutchison Group.
About CK Hutchison Holdings Limited
Listed on The Stock Exchange of Hong Kong Limited, CK Hutchison Holdings Limited (CK Hutchison) is a renowned multinational conglomerate committed to innovation and technology with businesses spanning the globe. With operations in over 50 countries and over 270,000 employees worldwide, CK Hutchison has five core businesses - ports and related services, retail, infrastructure, energy and telecommunications.
CK Hutchison reports turnover of approximately HKD316 billion (USD41 billion) for the year ended 31 December 2015.
For more information, please visit www.ckh.com.hk.
For media enquiries please contact:
| Hong Kong enquiries: | UK enquiries: | Brussels enquiries: |
| Hans Leung | Andy Parnis | Marcus Pepperell |
| CK Hutchison Holdings | Finsbury | FTI Consulting |
| Tel: +852 2128 1370 | Tel: +44 20 7251 3801 | Tel: +32 477 190165 |
| Fax: +852 2128 1766 | andy.parnis@Finsbury.com | Marcus.Pepperell@fticonsulting.com |
| hansl@ckh.com.hk |
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