A PYMNTS Company

UK Sees Competition Concerns In Cellnex & CK Hutchison Deal

By  |  July 13, 2021

A proposed deal is under review by the Competition and Markets Authority (CMA), in which Cellnex has agreed to buy Three’s UK passive infrastructure assets, is one of a series of transactions, worth £8.6 billion (US$11.9 billion) in total, involving the sale of CK Hutchison’s assets in several European countries. Passive infrastructure assets are structures, such as towers and masts, that mobile network operators, and other wireless communication network providers, attach electronic equipment to in order to operate their networks.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Cellnex is an independent supplier of telecommunications infrastructure, currently active across several European countries. CK Hutchison is a multinational conglomerate that currently owns and operates the Three mobile network in the UK.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    In May 2021, the CMA announced an investigation into the proposed merger. Following the conclusion of its Phase 1 investigation, the CMA has found that the merger raises competition concerns in relation to the independent supply of passive infrastructure assets.

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.