A PYMNTS Company

UK: Review begins for BSkyB’s bid in fixed line market

By  |  March 21, 2013

The Office of Fair Trading is now requesting public comment on BSkyB’s proposed takeover of O2, the fixed line subsidiary of Telefonica in the UK. As is standard, the competition authority is requesting comment on whether the merger will impact the market’s competition. The deadline to comment is April 4. The deal was first announced earlier last month; the acquisition will value up to $303.4 million. The acquisition would land about 500,000 subscribers from Telefonica. According to reports, the deal would lead to a new focus on the mobile sector for O2 as well as place BSkyB at a significant advantage against Virgin Media to take the second-place spot for broadband providers. BT Group holds the top spot.

 

Full Content: Telegeography

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