Karen Egan, at Enders Analysis, argues that the regulatory process “was always going to be thus”.
“It’s a big move and I think the whole country needs to feel like it’s been properly thought through,” she says. “They came to the right decision and it’s good that they took their time.”
“I suppose it’s inevitable in these joint ventures that everyone’s going to be looking after their own self-interest, particularly as the final touches are put to the agreement,” says Egan.
“I imagine that [CK Hutchison] are especially nervous about being easily shunted into the background unless they’re on the front foot and protecting their interests at every opportunity.”