UK competition watchdog fast-tracks investigation into £2B Netomnia acquisition by Liberty Global and Telefónica consortium
By
Dan Robinson
Summary
The UK's Competition and Markets Authority (CMA) has fast-tracked an in-depth investigation into the proposed £2 billion acquisition of Netomnia (owned by Substantial) by a consortium including Liberty Global, Telefónica, and InfraVia. The deal would combine Netomnia's fiber network with Virgin Media O2's existing infrastructure, creating a stronger competitor to Openreach in the UK broadband market. The CMA agreed to fast-track the case to Phase 2 at the merging parties' request, signaling potential competition concerns over the consolidation of fiber network assets.
Source
bskyUK competition watchdog fast-tracks investigation into £2B Netomnia acquisition by Liberty Global and Telefónica consortiumtheregister.comKey quotes
· 3 pulledBritain'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 today's decision means it is fast-tracking the case to Phase 2
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