Nexfibre plans to challenge UK regulator's reasoning on proposed £2 billion Netomnia deal

Nexfibre plans to challenge the UK Competition and Markets Authority's reasoning rather than offer remedies for its proposed £2 billion ($2.7 billion) purchase of Netomnia, Reuters reports. The CMA warned the deal could substantially reduce competition and preferred a CityFibre purchase. Nexfibre disputes the regulator's assumptions about CityFibre and investment; CityFibre maintains it is a credible buyer. The CMA's assessment is interim.