BRUSSELS, April 3 European Union regulators have
halted their review of Hutchison Whampoa's $1 billion
bid for Telefonica's 02 Ireland as they wait for new
details of Hutchison's concessions, the EU antitrust chief said
Hong Kong-based conglomerate Hutchison Whampoa, which is
controlled by Asia's richest man Li Ka-shing, submitted a
revised package to the European Commission last month. The deal
will reinforce its position in Europe.
Sources with knowledge of the case said the company is
prepared to cede spectrum and customers to a smaller rival for
free and to continue a network sharing agreement with competitor
eircom's subsidiary Meteor, the third biggest operator in
European Competition Commissioner Joaquin Almunia said the
EU competition watchdog had suspended its review until further
"In the Irish case, we have stopped the clock because
essential information was discovered by us during the market
test that was not provided before by the parties," he told a
Hutchison spokesman Neil McMillan said the company had been
asked for additional information on some aspects of its
"We will be getting back to them shortly," he said.
The Commission's May 19 deadline for a decision is now
expected to be extended towards the end of the month.
(Reporting by Foo Yun Chee; Editing by Sophie Walker)