OFT looking at C&W and Thus merger possibilities

17 Jul 2008

A press release from the Office of Fair Trading (OFT) has invited comments on the issue of Cable & Wireless (C&W) raising its stake in Thus, the Scottish provider of fixed line and broadband services. A recently improved bid for Thus of GBP1.8 (USD3.5) a share has yet to be accepted. With expectations that C&W will complete the acquisition, raising its stake in Thus to 100%, the OFT ‘will further consider whether the creation of that situation may be expected to result in a substantial lessening of competition within any market’.

United Kingdom, Cable & Wireless (UK), Thus