By John Walker on May 8, 2009
The Carphone Warehouse and Tiscali S.p.A. (MI:TIS) have reached agreement for TalkTalk to acquire Tiscali’s UK operations for a total cash consideration of £236 million, funded entirely from existing Group debt facilities. Completion is subject only to EU competition authority clearance and Tiscali S.p.A. obtaining formal approval pursuant to its debt restructuring plan. Completion is [...]
Posted in Deals and Agreements, IT and Telecommunications Services, Sales, Mergers & Acquisitions, Telecommunications, UK |
By John Walker on April 1, 2009
The Competition Commission (CC) has provisionally concluded that the completed acquisition by Capita Group plc (Capita) of IBS OPENSystems plc (IBS) could damage competition in the market for the supply of revenues and benefits software to local authorities in the UK.
Before the merger, both Capita and IBS sold revenues and benefits software, which is used [...]
Posted in Construction, Education, Politics & Legislation, Sales, Mergers & Acquisitions, UK |
By John Walker on March 19, 2009
The Competition Commission (CC) will require BAA to sell both Gatwick and Stansted as well as either Edinburgh or Glasgow.
In its final report on BAA’s ownership of seven UK airports, published today at http://www.competition-commission.org.uk, the CC also stipulates that BAA must sell all three airports within two years. They are to be sold in sequence, [...]
Posted in Politics & Legislation, Sales, Mergers & Acquisitions, Transport and Distribution, UK |
World Business News