So there is no restraint on BTL's Board of Directors - and the latest public consultation on market dominance in the telecoms sector is surely not that:
Jules Vasquez
"Does the ongoing consultation on the dominant provider have a restraining or injunctive effect on the ongoing move towards an acquisition?"
Stacey Grinage, Internal Legal Counsel, PUC
"I wouldn't say that Jules. But what it does is that we have identified certain remedial effect that we can implement as the PUC if such a determination is made."
"If this determination is made, we intend to, as we set out in the document, we intend to implement certain remedies that we believe will maintain the market."
Jules Vasquez
"But it cannot stop a merger slash acquisition."
Sheena Garnett, Communications and Consumer Affairs
"What this public consultation does not do, it does not approve or reject, or put any penalties. It doesn't approve or reject any mergers and acquisitions or any transactions, any at all. This public consultation is clear on not doing those things."
"What it does is, it allow us to look at the market, and this public consultation document and review has been in place way before, way before the realization of a proposed acquisition."
Jules Vasquez
"This is an independent - coincidental, really - exercise that started some months ago."
Sheena Garnett, Communications and Consumer Affairs
"It is an independent exercise that started months ago. Yes."
