Brit competition cops fast-track £2B borging of Netomnia into Openreach challenger

Brit competition cops fast-track £2B borging of Netomnia into Openreach challenger

Britain's competition watchdog wants to cast a close eye over the proposed takeover of Substantial, owner of Netomnia, by a consortium that includes Virgin Media O2 owners Liberty Global and Telefónica. The Competition and Markets Authority (CMA) has referred the acquisition for an in-depth investigation under its fast-track procedure at the merging parties' request. It notified the parties earlier this week that it was launching an inquiry, and…

CMA to fast-track Netomnia deal review

The UK’s Competition and Markets Authority (CMA) is to fast-track a review into a potential in-depth investigation into Nexfibre’s proposed £2 billion (€2.37bn) takeover of rival Substantial Group. Nexfibre, a joint venture including Liberty Global, Telefónica and private equity firm InfraVia, announced its intention to buy the altco fibre provider, which runs the Netomnia brand, […]

CMA skips to Phase 2 of nexfibre–Netomnia review - Total Telecom

News The regulator is exploring whether the £2 billion merger between the fibre network players will harm competition The Competition and Markets Authority (CMA) has announced it will move directly to the more in-depth Phase 2 of its competition review into the of nexfibre–Netomnia merger. The decision follows requests from both nexfibre and Netomnia, both of whom are keen to see the process progress as quickly as possible. “We requested a fast-…

Nexfibre hopeful that Netomnia merger will win UK approval

Nexfibre Networks has submitted efficiencies arguments to the UK’s Competition and Markets Authority for its tie-up with Netomnia, and is hopeful that the transaction will receive unconditional clearance, its general counsel has said.

What’s up with… Nexfibre, CityFibre, SK Telecom

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CMA uprates Netomnia–nexfibre investigation to Phase 2 as altnets ...

Altnet buyer nexfibre gets pragmatic and skips straight to the in-depth competition review, keeping hopes alive for completion before the end of the year. The UK’s fibre scene is set to change, but the CMA will now decide the extent.