The Channel Islands Competition and Regulatory Authorities (CICRA) has received an application for the merger of local operators JT Global and Airtel-Vodafone. According to the regulator, it is now assessing the mooted tie-up and has begun a two week consultation period. CICRA chief executive Michael Byrne said the procedure will be ‘conducted in accordance with the standard merger assessment process’. Specifically, the regulator expects the consultation to clarify whether the merger would substantially lessen competition.
As previously reported by CommsUpdate, in June 2015 JT confirmed that it was in initial talks with Airtel to merge their operations across the Bailiwicks in a deal which would see the latter take a strategic 25% minority interest in JT, with the States of Jersey retaining majority control.