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Friday, January 15, 2016

BT takeover of EE Mobile Network gets final Competition and Markets Authority clearance

The CMA said the £12.5bn deal was unlikely to cause significant harm to competition.
The deal will create a communications giant covering fixed-line phones, broadband, mobile and TV.

The takeover brings together the UK's largest fixed-line business and the largest mobile telecoms business.

John Wotton of the CMA said: "The evidence does not show that this merger is likely to cause significant harm to competition or the interests of consumers."
 
BT chief executive Gavin Patterson said: "The combined BT and EE will be a digital champion for the UK, providing high levels of investment and driving innovation in a highly competitive market."

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