Oct 28, 2015 07:11 GMT
BT today welcomed the Competition and Markets Authority’s (CMA) decision to provisionally approve its £12.5bn acquisition of EE, unconditionally without remedies. The company will continue to engage with the Authority through the remainder of its merger enquiry.
The CMA said today it has provisionally decided that the acquisition “is not expected to result in a substantial lessening of competition (SLC) in any market in the UK”. These include the supply of retail mobile, wholesale mobile, mobile backhaul, wholesale broadband and retail fixed broadband services.
BT Chief Executive Gavin Patterson said:
“We’re pleased that the CMA has provisionally approved BT’s acquisition of EE. The combined BT and EE will be good for the UK, providing investment and ensuring consumers and businesses can benefit from further innovation in a highly competitive market”.