Three has released a statement quashing speculation that its deal to acquire O2 Ireland has hit the rocks.

The operator agreed a €850 million deal with Telefonica last June, but media reports this week suggested that it would only go through if Three agreed to make a series of concessions.

Three’s owner Hutchison Whampoa put out a statement on Wednesday saying that the objections raised with the European Commission (EC) were part of a normal process and it remains confident that the deal will get the go ahead.

The statement read: “Three Ireland’s conversations with the EC have been productive and have reiterated our belief that the combined business of Three Ireland and O2 Ireland will put Three Ireland in a better position to challenge the current incumbent operators and bring greater consumer and competition benefits to the people of Ireland. 

“The issue of a Statement of Objections is part of the normal process and is not a ‘complaint’ nor is it sign of ‘blocking’ from the regulators. Three Ireland will continue to work with the EC and we remain confident that the proposed acquisition will be approved.”

Three said the acquisition process, which involves “many stages”, bore many similarities with the one that saw it acquire Orange Austria a year ago.

The announcement came as Three Ireland began rolling out its 4G LTE network this week.

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