Brussels, 25 February 2025
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Zzoomm plc and Full Fibre Limited (‘Full Fiebre’), both of the UK, by Oaktree Capital Management, L.P. (‘Oaktree’) of the US and Basalt Infrastructure Partners III GP Limited (‘Basalt’) of Guernsey.
The transaction relates primarily to the broadband market in the UK.
The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11857.