Thursday, 13 December 2018

BT to close EE acquisition this month after competition watchdog OK

By Mary Lennighan, Total Telecom
Friday 15 January 16

CMA passes takeover deal with no remedies; U.K. incumbent says it will complete £12.5 billion mobile operator buy on 29 January.

The U.K. competition watchdog on Friday gave the green light to BT's planned acquisition of EE, paving the way for the U.K. incumbent to complete the deal before the end of the month. The Competition and Markets Authority (CMA) said that after an in-depth investigation it concluded that the proposed deal would not have a significant impact on competition in any U.K. telecoms markets and therefore cleared it without applying remedies. BT welcomed the decision and said it will begin the formal process of completing the acquisition…

The U.K. competition watchdog on Friday gave the green light to BT's planned acquisition of EE, paving the way for the U.K. incumbent to complete the deal before the end of the month. The Competition and Markets Authority (CMA) said that after an in-depth investigation it concluded that the proposed deal would not have a significant impact on competition in any U.K. telecoms markets and therefore cleared it without applying remedies. BT welcomed the decision and said it will begin the formal process of completing the acquisition…

TT PREMIUM CONTENT

If you are a subscriber login here


To access premium content you need to upgrade your account. To find out more click here

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry