But UK Government did review the sale
The takeover of Manx Telecom by JT Group did not trigger any review under current Manx competition laws, as there is essentially no change to the structure of the market here.
The chief minister today confirmed in Tynwald that as the sale was a commercial transaction between private parties, government undertook no due diligence.
The formal acquisition of Manx Telecom by the parent company of Jersey Telecom was officially completed on Friday (15 May) after receiving regulatory approval.
But Alfred Cannan did confirm the merger was scrutinised in the UK:
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