Three and Vodafone’s $19B merger hits the skids as UK rules the deal would adversely impact customers and MVNOs

Quick Summary:

The U.K.’s antitrust regulator has delivered its provisional ruling in a longstanding battle to combine two of the country’s major telecommunication operators.

Today’s decision is provisional, and the regulator has now initiated a formal period with suggested remedies for the parties to address its concerns, including structural remedies such as divestiture (selling off IP or parts off their businesses) — the CMA says it believes this is an unlikely option, as there is no obvious spin-off capable of being run as a standalone business.

On top of that, the CMA found that separate companies are more inclined to invest in network coverage to provide a differentiated service from the competition — in other words, less rivalry might lead to less infrastructure investment.

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Article Details

Author / Journalist: Paul Sawers

Category: Technology

Markets: United StatesBrazilChinaHong KongIndia

Topics: Enterprise Three Vodafone

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 07:18:20 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1302 words

Reading Time: 8 minutes read

Sentences: 43 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22486709

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