Owners to Challenge UK Regulator Over Netomnia Deal
Nexfibre and its backers will challenge the UK competition regulator instead of offering remedies for their Netomnia acquisition. They argue the interim report relies on flawed assumptions regarding market reality and potential alternative buyers.
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Nexfibre will challenge the United Kingdom's competition regulator over its opposition to a £2 billion ($2.7 billion) acquisition of fibre network Netomnia, choosing not to offer concessions. The decision escalates a high-stakes battle over consolidation in the domestic broadband market. The outcome will reshape the competitive landscape against market leader BT GROUP PLC's Openreach network.
