BT is set to merge with EE, and the company has just received the green light from the Competition and Markets Authority (CMA) in the UK. This body has approved the merger, which clears BT's £12.5 billion acquisition of EE to become the UK's largest mobile telecoms company. The CMA found that the merger of the two companies would not result in substantial lessening of competition in the UK.
According to findings:
Considering various potential outcomes resulting from the merger, such as the continued incentive to provide services to other providers on a wholesale basis, no evidence was found that could cause issues for the wireless and telecoms industries. The two companies operate largely in different markets. EE is a main player in the wireless industry, while BT has barely any share of the market. On the contrary, BT has and will continue to expand in retail broadband in which EE isn't a major competitor.
Source: UK Government
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