British telecoms regulator Ofcom has submitted its public interest report regarding the proposed acquisition of pay-TV giant Sky by 21st Century Fox to the government.
In March 2017 the UK’s Secretary of State for Culture, Media and Sport issued a European intervention notice, calling on Ofcom to report on public interest considerations in respect of Fox’s plans to purchase those shares in Sky it does not already own. Specifically, the regulator was asked to consider: whether there would be sufficient plurality of persons with control of the media enterprises; and whether the parties would have genuine commitment to the attainment in relation to broadcasting of standards objectives.
The Secretary of State Karen Bradley is expected to make a final decision on whether to refer the proposed deal to the Competition and Markets Authority (CMA) for a ‘phase two’ inquiry. In terms of the timings for such a decision, the minister has said she intends to announce her position by 29 June, while also confirming she will publish Ofcom’s publish interest report at the same time.