Clear skies ahead: OFT approves BSkyB’s purchase of The Cloud

16 Feb 2011

The UK’s antitrust regulator, the Office of Fair Trading (OFT) has ruled that the proposed acquisition of public Wi-Fi provider The Cloud by triple-play provider BSkyB will not create a merger situation as per the provisions of the Enterprise Act 2002, the Wall Street Journal reports. CommsUpdate reported earlier this month that the OFT would examine the sale with the aim of determining whether it could prompt a ‘substantial lessening of competition’. BSkyB announced its intention to purchase the Wi-Fi operator at the end of January 2011, in a deal believed to be worth less than GBP50 million (USD80 million), with a view to the acquisition allowing it to offer wireless broadband services together with its Sky Anywhere product, which allows access to Sky content on multiple mobile devices. Following the OFT’s decision the purchase is expected to move forward without any further issues.

United Kingdom, Sky, The Cloud