Competition watchdog investigates Three UK mast sale

Date:
Wed, 28 Jul 2021 14:40:37 +0000

Description:
Hutchison and Cellnex were unable to eae CMA concerns.

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Cellnexs proposed takeover of Threes UK mobile masts is set to face further scrutiny after neither party was able to resolve concerns that the deal would damage competition in the market for mobile infrastructure.

Threes parent CK Hutchison agreed to sell its European tower assets last year for $10 billion as part of a series of separate transactions. The deals in Austria, Denmark, Ireland, Italy, Sweden hve gone ahead but the Competition and Markets Authority (CMA) elected to investigate in the UK.

Its important that services provided to mobile networks remain competitive so that the millions of businesses and consumers across the UK that use mobile phones can enjoy lower prices, said Mike Walker, Chief Economic Adviser at
the CMA said last month. These are the best business SIM-only deals around today And the best business broadband deals Here are the best business mobile phone deals Cellnex Three

Cellnex is already the largest independent supplier of mobile towers in the UK. Were concerned that this deal could help to lock in this position and prevent the emergence of new direct competition.

Spanish-based Cellnex leases out access to passive infrastructure such as mobile towers to mobile operators so they can install their active equipment such as antennas to power their services. As an independent operator, Cellnex can maximise the value of these assets by securing arrangements with multiple providers.

The company completed a series of transactions over the past year to strengthen its offering, most notably the acquisition of Arqivas masts in 2020. The CMA fears that the combination of Arqiva and Threes masts would
give Cellnex a huge advantage in the UK that could ultimately impact
consumers and businesses.

It believes that CK Hutchison could have secured an alternative buyer for its assets a move that would have maintained competition in the UK market.

The CMA gave both parties five days to suggest remedies its concerns and although it is understood that potential solutions were submitted, the aurhotiy did not deem any of these proposals to be suffidicent.

The issue has now been advanced for a Phase 2 investigation. Here are the
best Three mobile phone deals



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Link to news story: https://www.techradar.com/news/competition-watchdog-investigates-three-uk-mast -sale/


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