The UK government has asked regulator Ofcom and the Competition & Markets Authority to look into 21st Century Fox's proposed GBP 11.7 billion acquisition of the 61 percent of Sky it does not yet own. Secretary of State for Culture, Media and Sport Karen Bradley has asked Ofcom and the CMA to report by 16 May on the expected effects of the deal.
Ofcom is tasked with assessing the public interest with respect to media plurality and commitment to broadcast standards. In short, Ofcom must make sure Fox is "fit and proper" to hold Sky's broadcasting licence and does not have too high a concentration of market power. Ofcom has opened the matter to consultation and is inviting comment submissions by end March.
Bradley said she was prompted to intervene after hearing from over 700 third parties about concerns with the deal. After receiving the reports from the regulators, she will take the final decision on the takeover. The acquisition is also subject to approval by competition authorities at the European Commission.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.
We have been keeping professionals in the telecoms industry up-to-date since 2000. Telecompaper is a well respected, independent research and publishing company focussed on the telecommunications industry.
3995 AA Houten
Phone: +31 30 6349600
Fax: +31 30 6349699
© 2000 - 2017 Telecom.paper BV. All rights reserved.
Telecompaper is a trademark of Telecom.paper BV. No part of this site can be reproduced without
the expressed permission of Telecom.paper BV. Our General Terms and Conditions can be found here.
Terms and Conditions