3rd February 2014 - Three Ireland can confirm that it has received a Statement of Objections from the European Commission which sets out the concerns of the Commission in relation to Three's proposed acquisition of O2 Ireland. We are analysing the Statement and we will be responding to the Commission's concerns.

The issuing of a Statement of Objections was not unexpected in the context of a Phase 2 merger investigation and the previous statements by the Commission that it would take a close look at in-country telecoms mergers going from 4 to 3 operators.

The Irish mobile market is currently characterised by one clear dominant market leader with the 3 other operators lagging behind. Without Three's acquisition of O2 Ireland and the scale it can achieve, this gap will only increase. Competition in Ireland will be better served by three credible operators with sufficient scale to compete for a total market of 4.6 million, than by the current market structure.

The acquisition of O2 Ireland will provide Three with the scale and financial strength necessary to compete aggressively in the market to the benefit of Irish consumers. It will give Three the means to challenge the number one player in the Irish market by rolling out a state of the art 4G/LTE network and providing the best value and service to its customers.

In our view, the acquisition will increase competition and bring much needed investment to the Irish market. Nonetheless, Three will put forward strong and effective remedies to address the Commission's concerns. Three will detail these and other points in our response to the Commission's Statement of Objections, and are confident that we can convince the Commission of the pro-competitive benefits of the proposed acquisition. We will continue to work with the Commission in order to achieve a positive outcome.

For further information, please contact:

Mark Brennock	087 2335923
Joanna Kavanagh	083 4032173

Notes to editors:

About Three Ireland

• Three is 100% owned by Hutchison Whampoa Limited (HWL), a renowned multinational conglomerate committed to innovation and technology. Its diverse businesses employ over a quarter of a million people in 52 countries worldwide.
• Three operates 3G services in Ireland, UK, Austria, Denmark, Hong Kong, Italy, Macau and Sweden. We have over 22 million customers in Europe alone.
• Three has invested over €1.1 billion in building its Irish network.
• Three was the first to launch mobile broadband in Ireland and is now the mobile broadband leader.
• Three has 99.5% population coverage for voice and text and 97% for mobile broadband.
• Three has over 45 "3Stores" in Ireland.

© Copyright 1996-2023 irasia.com Ltd. All rights reserved.

DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any information provided on this website. Under no circumstances shall irasia.com Ltd be liable for damages resulting from the use of the information provided on this website. TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website.