Nexfibre’s £2bn Deal for Rival Netomnia Could Lessen Competition, CMA Says
15 Articles
15 Articles
CMA Says Nexfibre’s Alt-Net Deal Could Hurt Competition
Nexfibre Networks Ltd.’s £2 billion ($2.7 billion) deal for rival Netomnia Ltd. could reduce competition in the UK’s wholesale broadband networks, the country’s competition watchdog said on Friday, potentially threatening the first major consolidation in the crowded fiber market.
UK regulator says Nexfibre-Netomnia deal could hurt competition
Evening Standard
Nexfibre’s £2bn deal for rival Netomnia could lessen competition, CMA says
The Competition and Markets Authority has provisionally found the tie-up could ‘substantially’ impact competition in the wholesale broadband market.
CMA flags substantial competition concerns as nexfibre/Netomnia ...
In-depth: The UK’s Competition & Markets Authority has delivered a significant setback to nexfibre’s proposed acquisition of Netomnia owner Substantial Group, arguing the deal would materially weaken competition in wholesale broadband markets.
The Competition and Markets Authority of the United Kingdom (CMA) has indicated that the purchase of Substantial, the parent of the Netomnia operator, by Telefónica, Lyberty Global and InfraVia – through its joint venture nexfibre – can reduce competition in the sector and has opted for [...] The UK entry determines that the acquisition of Substantial by Telefónica can lead to competition problems first appears in Forbes Spain.
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