UK Watchdog Flags Nexfibre Deal Concerns
The UK watchdog warned that Nexfibre's acquisition of Netomnia could reduce competition in the broadband market. Regulators suggested a deal with CityFibre would have been better.
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The Competition and Markets Authority opposed United Kingdom-based Nexfibre's $2.7 billion acquisition of Netomnia on Friday, arguing a deal involving CityFibre would better protect market competition. The proposed transaction would add 3.4 million premises and 500,000 customers to Nexfibre's footprint by the end of 2027. Regulators claim the buyout reduces rivalry in the broadband sector, favoring an alternative buyer to challenge dominant operators.
