Hytera's Acquisition of UK Communications Provider Blocked Under NSIA, Global Competition Review
June 29, 2026Partner Leonidas Theodosiou was quoted by Global Competition Review in an article examining the UK government's decision to block Hytera's proposed acquisition of TTG Global Solutions under the National Security and Investment Act (NSIA).
The article explores the government’s national security concerns surrounding the proposed transaction and what the decision signals for future foreign investment reviews. Leo noted that while transactions involving sensitive sectors and investors with links to foreign governments are subject to heightened scrutiny, outright prohibitions remain uncommon. “In most NSIA cases raising concerns, the government accepts mitigation designed to manage the risk in practice. . . . This order suggests the government's concern was particularly acute, and likely insurmountable,” Leo said.