Nexfibre, a joint venture between Liberty Global, Telefonica, and InfraVia Capital Partners, initiated the request for a fast-track process to balance regulatory scrutiny with market urgency. CEO Rajiv Datta stated the company intends to work closely with the CMA throughout the process. The regulator emphasized that advancing to a deeper probe does not indicate a prior finding of anti-competitive behavior.
In section Market Quotes
UK Watchdog Fast-Tracks Nexfibre’s $2.65 Billion Netomnia Buyout
The U.K. Competition and Markets Authority has moved to an in-depth, Phase 2 investigation into the $2.65 billion acquisition of Substantial Group by Nexfibre. By skipping the initial review stage, regulators aim to reach a definitive ruling on the fiber network consolidation deal by the December 15 deadline.
The deal, which involves acquiring the U.K.'s second-largest alternative fiber network from owners Advencap, DigitalBridge, and Soho Square Capital, is designed to create a massive fiber platform. Following the acquisition, Nexfibre plans to divest Substantial’s retail brands, YouFibre and Brsk, to Virgin Media O2 for 150 million pounds, while retaining the wholesale operations of Netomnia.
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