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UK competition watchdog to probe Cellnex acquisition of Arqiva unit

Britain's Competition and Markets Authority launched an investigation into Spanish company Cellnex Telecom SA's planned acquisition of Arqiva Group Ltd.'s telecom division.

In a release, the agency said it is considering if the transaction would result in a "substantial" decrease in competition within the sector.

Cellnex said in October 2019 that it will acquire the British communications infrastructure company's telecom unit for about £2 billion.