Telecoms, data and payments transactions, M&A, JVs, SHAs, network-sharing, SaaS
EU Merger Guidelines telecoms reset: the draft elevates scale, innovation and resilience as procompetitive factors. What it means for UK M&A with EU jurisdiction.
In short: Altnet PIA, the Openreach product that lets operators build using its ducts and poles, is not new. It has been a regulated wholesale input since 2010, and the Electronic Communications Code requires operators to consider sharing apparatus more broadly. Two recent moves progress those arrangements. INCA’s Infrastructure Sharing Framework formalises operator-to-operator duct, pole…
The CMA’s coordinated push against fake and misleading consumer reviews lands the new Part 3 direct enforcement powers in the DMCCA 2024 on the consumer reviews supply chain. Five cases opened on 27 March 2026 reach across that supply chain at the same time and signal that consumer review compliance is now a discrete deal due diligence item.
CityFibre’s intervention in the CMA’s nexfibre/Substantial inquiry turns on local market definition. Why that question shapes Phase 2 risk and the altnet consolidation pipeline.
In short: The CMA has accepted the first voluntary commitments under the Digital Markets, Competition and Consumers Act 2024, from Apple and Google in respect of aspects of their UK mobile platforms. The commitments cover app review, app ranking, data use and iOS interoperability. They are legally binding and signal how the new digital markets…
In short: The CMA opened its invitation to comment on the £2 billion nexfibre/Substantial transaction on 23 April 2026. The case is in pre-notification; the statutory 40-working-day Phase 1 clock has not started. The deal is publicly targeted at Q3 2026 completion; that timeline carries real Phase 2 risk, and mandatory NSI Act 2021 notification…
After a year of testing frontier AI models and legal-specific platforms, the problem was not capability but structure. A law firm cannot be built around a model. It needs a method in which AI operates under controlled, auditable workflows, with the lawyer as the final gate.
Ofcom’s consultation on how high-density areas are defined for Upper 6 GHz (6425-7125 MHz) subnational mobile licences closes on 6 July 2026. What MNOs and enterprise campus operators must know.
In short: Four UK fibre altnet M&A transactions in Q1 2026 confirm the consolidation wave. The dividing line between a strategic exit at market metrics and a distressed lender-driven exit is debt repayment capacity: whether take-up generates enough recurring revenue to service the debt incurred during the build phase. Acquirers must assess CMA jurisdiction under…
Update, 16 September 2026. This analysis was written on 13 April 2026, when Gamma had confirmed preliminary talks and no offeror had been identified. Bradbury Bidco, backed by funds advised by Epiris, announced a firm offer on 1 September 2026 at 1,120 pence a share in cash, to be implemented by scheme of arrangement. Its…
UK fibre consolidation is splitting into two paths. On the happy path, a well-positioned altnet is bought at a premium by a scaled acquirer, as in nexfibre’s agreement to acquire the Substantial Group, the parent of Netomnia and YouFibre, announced in February 2026 and analysed in our earlier note, UK Fibre Consolidation: What the Nexfibre…
Three models for legal support compared. When a fractional general counsel is the right answer for telecoms, fintech and data businesses in the regulatory perimeter.