Guernsey competition law request to halt takeover bid for telecommunications

a person using a laptop and a mobile phone while seated

The Guernsey Economic Development Committee seeks the support of deputies to suspend the competition law.

As part of Sure's agreement to purchase the company, the modification would allow Airtel-Vodaphone to withdraw from the market.

In October of last year, Bharti Global Limited and Sure came to an agreement for Sure to purchase all of Airtel-Vodafone in the Channel Islands.

The proposals, scheduled to be submitted on Monday, could result in new offers being made to current Airtel customers if they are approved.

The change is being sought because, by law, all acquisitions of businesses with annual revenues of more than £2 million must receive regulatory approval in order to prevent the monopolization of markets that harm consumers.

Sure stated that if the deal was approved, it would result in faster speeds, more coverage, and better value for money.

The company claimed that as a result of the merger, up to £48 million would be invested in a brand-new, cutting-edge mobile network that would offer 5G services.

If the committee's recommendations are approved by deputies, current Airtel customers will be offered three-year contracts with Sure, according to a source close to the Economic Development Committee.

If deputies and the presiding officer permit, the proposal could be put to a vote at the scheduled States meeting as early as Wednesday.

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