Mmastodon BusinessBusiness first seen 7 h ago, last 7 h ago, peak #3
CMA warns Nexfibre's £2bn Netomnia deal could reduce competition
Original: Nexfibre's £2bn deal for rival Netomnia could lessen competition, CMA says https://www.standard.co.uk/news/tech/openreac
The UK Competition and Markets Authority has raised concerns that Nexfibre's proposed £2 billion acquisition of rival fibre network operator Netomnia could lessen competition in the broadband market. The deal, involving the fibre venture backed by Liberty Global and Telefónica, is now set to face regulatory scrutiny over its impact on Britain's growing altnet sector.
Why now: The competition regulator's intervention puts a major telecoms consolidation deal in doubt, drawing attention from the broadband industry.
NexfibreNetomniaCompetition and Markets AuthorityLiberty GlobalOpenreach
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- Nexfibre's £2bn deal for rival Netomnia could lessen competition, CMA says https://www.standard.co.uk/news/tech/openreach-liberty-global-b1299262.html # Business # Tech # Competition · the_standard@robot.villas · 3
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