The UK competition watchdog is fast-tracking its review of a £2 billion deal involving Nexfibre, which includes Netomnia. The companies say the transaction was struck in February. Nexfibre is described as a joint venture backed by Liberty Global and Telefónica, along with private equity firm InfraVia. The watchdog’s decision to accelerate the assessment means the deal is moving through the regulatory process on a faster timetable than standard reviews.
While both outlets focus on the same regulatory step and the deal’s value and backers, they do not provide additional details about the watchdog’s specific concerns, the scope of the investigation, or any timetable beyond the fast-tracked review. The reporting also does not include information on any undertakings or remedies that may be proposed as part of the review.
Overall, the sources agree that the £2 billion transaction is under accelerated scrutiny by the competition authority and was agreed in February by the Nexfibre consortium.
