It looks like BT’s £12.5bn takeover of EE is going to go ahead

BT will now cover phones, broadband, mobile and TV

BT’s planned takeover of EE has cleared another hurdle after being approved by the Competition and Markets Authority (CMA).

The CMA said the move wouldn’t harm competition because each company mostly operates in a different part of the telecoms industry.

John Wotton of the CMA said: “The evidence does not show that this merger is likely to cause significant harm to competition or the interests of consumers.”

The £12.5bn takeover would mean BT would cover fixed-line phones, broadband, mobile and TV.

BT chief executive Gavin Patterson said: “The combined BT and EE will be a digital champion for the UK, providing high levels of investment and driving innovation in a highly competitive market.”

Critics of the deal hoped the CMA would force BT to spin off Openreach, the part of the business that deals with the cable network, which Ofcom previously said was performing poorly. However, the CMA rejected that proposal.

 

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