EU clears T-Mobile, Oak Hill deal for fibre provider GoNetSpeed
What's the deal? The European Commission has approved the acquisition of joint control of Greenlight and Future Fiber, which operate as GoNetSpeedDealroom has a profile for this one. Try Dealroom →, by T-MobileDealroom has a profile for this one. Try Dealroom → USA and Oak Hill Capital ManagementDealroom has a profile for this one. Try Dealroom → (OHC). Both acquirers are based in the US.
What do they do? The target companies provide fibre-to-the-home (FTTH) broadband internet access to consumers. T-Mobile is a mobile network operator, while OHC is a private equity firm.
Why now? The deal cleared under the EU Merger Regulation via the simplified review procedure. The Commission concluded it would not raise competition concerns, citing the transaction's limited impact on the European Economic Area.
The signal: The approval clears a regulatory hurdle for T-Mobile and OHC to expand their footprint in high-speed home broadband, a market increasingly targeted by mobile carriers seeking to bundle fixed and wireless services.
Read more: MarketScreener
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