£12.5bn BT-EE merger given all clear by competition authorities
By John Glenday
The mammoth £12.4bn merger between BT and EE has been sanctioned by the Competition and Markets Authority, clearing the way for telecoms provider BT to go ahead with its takeover of Britain’s largest mobile operator.
The ruling follows a six month investigation into the potential ramifications of such a tie-up, including whether such a move would inhibit competition and drive up prices, but the CMA have now dismissed such concerns.
Such a deal will transform BT into a telecoms goliath straddling mobile, landlines, broadband and TV with 35m customers.
John Wotton, chairman of the CMA inquiry commented: “The retail mobile services market in Read full story ›
Source: The Drum




