Wednesday, 26 July 2017

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…

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