Virgin Media CEO Mockridge backs £10.25bn Three/O2 merger

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Mockridge expressed his support in an official Virgin Media blog post

Three parent company CK Hutchison’s £10.25 billion takeover bid for O2 has been given support by Virgin Media CEO Tom Mockridge (pictured).

Mockridge made his comments on an official Virgin blog post. He claimed there was no need to address any competition concerns by blocking the proposed O2/Three merger.

“A combined O2-Three could have more to offer consumers and, crucially, more capacity for other providers who want to drive competition in their own right. With the right remedies, this deal could stimulate not curb competition,” he wrote

Mockridge’s comment follow Ofcom chief executive Sharon White’s fears the merger would harm UK competition by reducing the number of mobile operators from four to three. 

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