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LONDON (Alliance News) - BT Group PLC on Wednesday said the UK Competition and Markets Authority has provisionally cleared its proposed GBP12.5 billion acquisition of mobile operator EE Ltd.
The clearance from the UK antitrust regulator has been given without any remedies required to gain approval.
The CMA said it has provisionally decided the deal "is not expected to result in a substantial lessening of competition in any market in the UK". BT said this includes the supply of retail mobile, wholesale mobile, mobile backhaul, wholesale broadband and retail fixed broadband services.
"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," said Gavin Patterson, BT's chief executive.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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