An investigation has been launched into the proposed merger of Cable Bahamas and Indigo’s parent Systems Resource Group Ltd — a sign that the regulator may have fears over competition in the market.
“URCA may open an in-depth investigation where it considers that there is a significant prospect that the change in control, consequential to the proposed merger, is likely to have adverse effects, which will substantially lessen competition in the market,” said a statement from the Utilities Regulation and Competition Authority (URCA).
“URCA hereby gives notice that it has opened an in-depth investigation…into the proposed merger between Cable Bahamas Limited and Systems Resource Group Limited.”
Read the original article by Inderia Saunders in the Nassau Guardian
