EU blocks multi-billion-dollar takeover of Britain's O2

The European Union on Wednesday blocked the takeover of Telefonica's O2 mobile operator in Britain by CK Hutchison Holdings, which owns the network Three, saying the merger would leave British consumers with higher prices and less choices.

Hutchison considering legal action against EU over rejected O2 merger

The telecoms company CK Hutchison Holdings says it is considering taking legal action against the European Commission, after the European Union's executive blocked plans to merge its Three services in Britain with the O2 mobile phone operator.