BT cleared to takeover EE
The Competition and Markets Authority's (CMA) have finished their 6 month review of it, and decided that it was okay to go ahead. The CMA said that they'd even taken a little extra time to look at the views of competitors and customers, after concerns had been raised about market dominance, and people's bills being hiked up.
The CMA decided: "The merger is not expected to result in a substantial lessening of competition in any market or markets in the UK, including in relation to the supply of retail mobile, wholesale mobile, mobile backhaul, wholesale broadband and retail broadband services."
This will be the first time that BT has properly thrown their weight around in the mobile world since they were BT Cellnet. Seeing as EE operate Orange and T-Mobile, this means the merger is going to create one gigantic company. EE already have around a third of the mobile market to themselves, so this is a big deal.
Not only will BT have a huge sway over the world of landlines, but they've just got their hands on EE's mast network. It is thought that BT will now start offering 'quad play' deals to their customers, so you can get TV, mobile, broadband and fixed phone line bills, all in one package.
BT chief executive, Gavin Patterson, said: "The combined BT and EE will be a digital champion for the UK, providing high levels of investment and driving innovation in a highly competitive market."
"I have no doubt that consumers, businesses and communities will benefit as we combine the power of fibre broadband with the convenience of leading edge mobile services. I look forward to welcoming EE into the BT family."