Re: O2-UK Assets @Argo
Agreed, I posted before thinking to any great depth as to how much infrastructure O2 might still have in it's own right. However, I think much can be transferred to Three without there being an actual merger, with much of the network equipment also disappearing into a joint venture. Which raises the question at what point does O2 cease to be a MNO and become an MVNO? and is it in Ofcom's powers to do anything about it?
With respect to spectrum, I suspect Ofcom won't like it if the legal entity O2 retains the spectrum allocation but shares it with others in the Cornerstone joint venture...
I think much will depend on just how much Telefonica want to dispose of O2-UK, and how much Three just want infrastructure, spectrum and subscribers.