, Columnist
Li Ka-Shing's Italian Dilemma
Hutchison-Wind concessions may be too big to swallow
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If billionaire Li Ka-Shing wants to save his Italian mobile phone merger, he's going to have to dig much deeper than he did in Britain to win over regulators.
The attempt by Li's Hutchison to buy Telefonica's O2 in the U.K. was thwarted today by Brussels trust-buster Margrethe Vestager. It confirms a definitive hardening in Europe on allowing national markets to go from four to three mobile operators.