Mercury merger cleared

TELEPHONE group Mercury Communications yesterday received the green light from the European Commission for its plans to merge…

TELEPHONE group Mercury Communications yesterday received the green light from the European Commission for its plans to merge with three of the UK's largest cable companies.

The new company, Cable & Wireless Communications, will pose a direct threat to the UK's largest player BT.

Under the proposals, Mercury, in which Cable & Wireless has a majority stake, will merge with VideoIron, Nynex Communications and Bell Cablemedia.