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Nexfibre Acquires Netomnia Amid Competition Concerns
Summary
Nexfibre has acquired Netomnia in a £2bn deal. The Competition and Markets Authority has provisionally found the merger could 'substantially' impact competition in the wholesale broadband market. The acquisition has raised concerns about reduced competition among service providers. Regulatory review is ongoing, with no final decision yet made.
Latest: Regulators have raised concerns that the merger could significantly affect competition in the broadband market.
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How it unfolded
Friday 2 October
Regulators have raised concerns that the merger could significantly affect competition in the broadband market.
- 04:05Evening StandardNexfibre’s £2bn deal for rival Netomnia could lessen competition, CMA says
- 04:05The IndependentNexfibre’s £2bn deal for rival Netomnia could lessen competition, CMA says