29th Jun 2015 05:43
LONDON (Alliance News) - Sky PLC is set on Monday to call for a full competition inquiry into BT Group PLC's hold over the national telecommunications network, the Financial Times reports.
Sky is set to table a formal submission to UK media and communications regulator Ofcom accusing BT's Openreach infrastructure arm of a slew of service failures and will argue there is sufficient evidence against BT for Ofcom to request the Competition and Markets Authority, the UK's competition watchdog, to conduct a full-blown inquiry.
http://next.ft.com/0e251090-1d8c-11e5-ab0f-6bb9974f25d0
Elsewhere, The Sunday Times reports Sky and Liberty Global PLC, the cable and telecoms group, are considering making bids to take a GBP4.5 billion controlling stake in Formula One.
It emerged last week that RSE Ventures, headed by US sports tycoon Stephen Ross, has teamed with Qatar Sports Investments to make a bid for F1. But insiders told the paper that the Ross-Qatar team is only of only a few bidders in talks with CVC Capital Partners to buy the stake.
City sources said those other bidders include Sky and Liberty Global, who are both understood to have held informal talks with CVC.
http://www.thesundaytimes.co.uk/sto/business/Companies/article1574247.ece
By Sam Unsted; [email protected]; @SamUAtAlliance
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