CMA approves BT acquisition of EE

- Finance - Jan 15, 2016

The UK's Competition and Markets Authority (CMA) has cleared BT’s anticipated acquisition of EE. This follows its provisional decision to clear the merger in October 2015.

The £12.5 billion acquisition brings together the UK’s largest fixed telecoms business and the UK’s largest mobile telecoms business.

BT has welcomed the decision, with Chief Executive Gavin Patterson commenting: “It is great news that the CMA has approved our acquisition of EE. We are pleased they have found there to be no significant lessening of competition following an in-depth investigation lasting more than ten months.

“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. I have no doubt that consumers, businesses and communities will benefit as we combine the power of fibre broadband with the convenience of leading edge mobile services. I look forward to welcoming EE into the BT family”.

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Check out our interview with BT's Group CIO Clive Selley back in the November 2015 issue

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