O2 (UK) sale units, and with handset manufacturers, such as Apple and Samsung, to enable NFC technology on all future devices. On 23 February 2011, O2 announced it would launch a "second phase" for O2 Money, by discontinuing its branded cash cards in favour of a "mobile wallet" application for Android and iOS devices. The application would use NFC technology embedded in a phone to access money. It was announced on 9 January 2014 that the O2 wallet service would close on 31 March 2014. The BT Cellnet consumer brand was renamed O – the chemical symbol for an oxygen molecule –
O2 (UK) UK. The deal was subject to regulatory approval. The European Commission decided in December 2015 not to refer Hutchison's takeover of Telefónica's O2 business in the UK to the country's Competition and Markets Authority, which had asked to be allowed to investigate the planned acquisition, arguing that as the British competition regulator, it – and not the Commission – should have the right to rule on the 'transaction', which it argued 'threatens to affect significantly competition in the UK retail mobile and wholesale mobile markets', claiming that its investigation of the takeover would 'avoid duplication and fragmentation'. On 11 May