► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />Telefónica has spoken to Hutchison Whampoa about merging their British businesses; O2 and 3. Lex's Robert Armstrong and Alan Livsey discuss the impact of a consolidation of mobile operators from four to three and whether regulators will block it.<br /><br />► FT World News: http://bit.ly/1Exp0iJ<br /><br />► FT Business: http://bit.ly/1KUK08s<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
