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News : BT Gets Approval for EE Deal
Darlington, UK, Jan 15, 2016 -- An MP has vowed to push for assurances a telecoms firm’s takeover of one of the region's biggest companies will have no impact on jobs.
BT’s move for Darlington’s private employer - EE - has been approved by the Competition and Markets Authority (CMA).
The watchdog, which last year hinted it would consent BT’s overtures, rejected fears the merger would unfairly narrow the marketplace.
EE previously said it doesn't expect jobs to be affected and earlier this week revealed it is spending to build new offices and secure more than 1,500 posts in Darlington.
BT told The Northern Echo it is too early to say what the make-up of the new company will look like.
However, Jenny Chapman, the town’s MP, said she will continue talking to EE to ensure it continues its commitment to the town.
She said: "There are no worries at this stage, and I’ve been in contact with EE throughout the whole process.
"At every stage, I’ve been assured there are no intentions to alter at all the site in Darlington.
"It is a time of change for the company and I want to build a relationship with the new employers to ensure Darlington continues to be a site of importance for the business."
Confirming its decision, John Wotton, CMA inquiry chairman, said: "The evidence doesn’t show this merger is likely to cause significant harm to competition or consumers’ interests.
"The retail mobile services market in the UK is competitive, with four main mobile providers and a substantial number of smaller operators.
"As BT is a smaller operator in mobile, it is unlikely the merger will have a significant effect.
"Similarly, EE is only a minor player in retail broadband, so again it is unlikely to have a significant effect in this market."
A BT spokesman added: "It is great news the CMA has approved our acquisition of EE and we have now started the formal process of completing the deal.
"We will say more about the future structure of EE once this process has taken place."
Posted by Veronica Silva Cusi, news correspondent
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BT is provider of communications services and solutions for everybody in the UK and for corporate customers in the rest of Europe, with global reach through partnerships. BT provides services for all UK customers, network services and solutions for communication companies, worldwide business solutions, internet services, and advanced research and technology.
Everything Everywhere Limited, trading as EE, is a mobile network operator and internet service provider company headquartered in Hatfield, United Kingdom.
Published: Monday, January 18, 2016