The European commission has blocked Three’s £10.25bn takeover of O2 on competition grounds, saying the takeover would probably increase prices and reduce choice for consumers.
It would have given Three over 40% of UK mobile phone users with in excess of 30 million customers and reduced the number of network owners from four to three.
The EU Commission explained: 'Our investigation revealed significant competition concerns with this deal. It would very likely have led to higher prices and less choice for UK consumers' which has seen the Brexit crowd stepping in to condemn EU meddling.
They of course have a point, the bloody EU. Protecting our consumer rights, looking after our best interests and encouraging competition to keep prices down. Who the hell do they think they are??
Boo hiss@EU etc etc!