BT's EE Acquisition Gets Provisional Nod From UK's RegulatoryBy cheatmaster 03:10 Wed, 28 Jul 2021 Comments
Back in February this year, the British telecommunications giant BT announced its plans to acquire UK’s leading mobile carrier EE for $19 billion (£12.5 billion). The deal - which will create a communications giant offering services like broadband, fixed-line, mobile, and TV - has now received a provisional nod from the country's competition watchdog CMA (Competition and Markets Authority).
"Having considered all the evidence, the group does not provisionally believe that, in a dynamic and evolving sector, it is more likely than not that BT/EE will be able to utilize its position to damage competition or the interests of consumers," assumed John Wotton, who chaired the CMA's inquiry into the deal.
There is, however, still one hurdle that the deal needs to clear - competitors Vodafone and TalkTalk are of the view that BT should spin off its Openreach broadband infrastructure service to provide better service and promote healthy competition. CMA is expected to publish a final report in January next year.
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