Europe's top court on Thursday referred Hutchison's challenge against an EU veto of its 13-billion-pound bid to acquire O2 UK from Spain's Telefonica seven years ago back to a lower tribunal.
European telecoms
companies faced fresh regulatory uncertainty on Thursday after
the EU s top court told a lower tribunal to re-examine its
decision to overturn a veto on Three UK s 13-billion-pound
.
"The General Court must rule once more on the lawfulness of the Commission s prohibition of the acquisition of Telefonica Europe (O2) by Hutchison 3G UK (Three)," the Luxembourg-based Court of Justice of the European Union said.