U.K. Regulator May Probe Capita-Vodafone Pager Deal
May 10 2017 - 2:52AM
Dow Jones News
By Rory Gallivan
LONDON--The U.K.'s Competition and Markets Authority said
Wednesday it will conduct an in-depth investigation into outsourced
service provider Capita PLC's (CPI.LN) acquisition of
telecommunications company Vodafone Group PLC (VOD.LN) pagers
business unless the companies address competition concerns.
The CMA said its initial investigation into the merger found it
could lead to substantially reduced competition and customers could
face price rises and reduced quality of coverage.
Capita has until May 17 to offer proposals to resolve the
competition concerns, the CMA said.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
May 10, 2017 02:37 ET (06:37 GMT)
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