M/20/032 - Speed Fibre/Magnet Networks [2020] IECompA m20032 (24 November 2020)

M/20/032 - Speed Fibre/Magnet Networks [2020] IECompA m20032 (24 November 2020)

The Competition and Consumer Protection Commission determined that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction under Phase 1 review.

Parties
Acquirer: Speed Fibre Intermediate Holdings Limited; Target: Magnet Networks Limited
Jurisdiction
Ireland
Judgment Date
24 November 2020
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
cleared
Legal Topics
Merger Control, Acquisition of Sole Control, Telecommunications Sector
Competition Law Merger Control Acquisition of Sole Control Telecommunications Sector

Case Brief

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Parties

Speed Fibre Intermediate Holdings Limited

Acquirer

Magnet Networks Limited

Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of sole control of Magnet Networks Limited by Speed Fibre Intermediate Holdings Limited would substantially lessen competition in any market for goods or services in the State.

Ratio Decidendi

The Competition and Consumer Protection Commission determined that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction under Phase 1 review.

Court Disposition

cleared

Orders

  • The proposed acquisition by Speed Fibre Intermediate Holdings Limited of sole control of Magnet Networks Limited is cleared.