A PYMNTS Company

UK: Fast-tracks antitrust look at BT-EE deal

By  |  June 9, 2015

The UK antitrust body said Tuesday BT Group anticipated 12.5 billion pound acquisition of EE Ltd., will result in less competition given that they are the largest suppliers of fixed and mobile communications services in the UK.

    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.

    The Competition and Markets Authority has therefore decided to fast-track the deal for further investigation.

    “We have found that there is a real risk that the merger could reduce their incentives to supply these inputs and that this could have a detrimental impact on the retail mobile market,” Andrea Coscelli, CMA Executive Director of Markets and Mergers and decision-maker in the case, said.

    The CMA has invited third parties to present their views on the merger during the phase 2 investigation, which will be overseen by a group of independent panel members. No timetable has been disclosed for the investigation.

    Full content: The Financial Times

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