![]() ![]() ![]() Three UK boss Robert Finnegan said he did not see any issue because it already complied with security rules. One of Britain's biggest unions, Unite, has already warned that a company so close to China should not have a leading role in telecoms infrastructure. The companies will also need to secure approval under a National Security and Investment Act, which gives the British government powers to intervene in deals that could pose a risk. The CMA, however, showed it was not afraid to assert its independence with Microsoft-Activision, while Europe approved that deal, and its boss Sarah Cardell said in February that the risks from anti-competitive deals should not be understated. "The government's desire to make the UK a 5G powerhouse requires a lot of investment," he said. James Gray, managing director of Graystone Strategy, said the telecoms landscape had changed over the past few years and that would probably make the CMA more amenable. Those comments came shortly after a meeting between top Hutchison executives and government officials, sources have told Reuters. ![]() There was no "magic number" of mobile operators, it said, although it added that all decisions on consolidation were for the CMA. The government said in April it wanted to create a pro-investment framework to deliver standalone 5G. "Therefore, you have to allow some sort of consolidation." "If you want to get 5G then you have to make investment, and at the moment the mobile network operators can't make the margins in order to be able to afford that investment because they don't have the scale," he said. However, he thought it would look for remedies to approve the deal. Peter Broadhurst, a partner in the antitrust and competition group at Crowell & Moring, said the CMA had become more interventionist in the last three years. ![]()
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