The UK’s Competition and Markets Authority (CMA) began an assessment of an acquisition of CK Hutchison’s towers by Cellnex Telecom, a day after regulators in Italy announced a probe on a similar transaction there.
In a brief statement the CMA explained it planned to look into any competition implications from the sale of the assets, which are currently used by mobile operator 3 UK.
The regulator invited interested parties to submit comments by 27 April.
A deadline for its final decision is yet to be announced.
The proposed deal is one of a number of separate purchases of CK Hutchison’s mobile tower assets in Europe, which had a total value of €10 billion [1]. Of the six transactions only two are outstanding: the UK deal and the purchase of towers in Italy, which is the subject of a probe [2] from competition regulators.
When it released figures for 2020 [3], CK Hutchison’s 3 Europe business estimated the sale of tower assets in Italy would be completed during Q2, with the UK assets off its books by the end of the year.
[1] https://www.mobileworldlive.com/featured-content/home-banner/cellnex-closes-in-on-e10b-hutchison-tower-deal
[2] https://www.mobileworldlive.com/featured-content/top-three/italy-probes-ck-hutchison-cellnex-tower-deal
[3] https://www.mobileworldlive.com/featured-content/top-three/italian-market-continues-to-weigh-on-ck-hutchison-unit
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