UK regulator paves way for £16.5bn Vodafone-Three merger

Quick Summary:

The tie-up, first announced in 2023, would reduce the number of operators in the UK from four to three and is expected to create Britain’s largest mobile operator if it gains approval.

However, they added it was “essential that balance is preserved through to the end of the process, reflecting that the parties have offered extensive remedies, including by making their future network rollout fully enforceable”.

The CMA’s announcement comes after the regulator said in September that the merger could lead to higher bills for tens of millions of customers and demanded changes if the deal was to go ahead.

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Article Details

Author / Journalist: Yasemin Craggs Mersinoglu

Category: MarketsFinanceInvesting

Markets: United States

Topics: Companies Regulator Merger Concerns Mobile Network Competition Years Three Cma’s Remedies

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 08:35:53 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 570 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 30 words per sentence (average)

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

Copyright Owner: © Financial Times

News ID: 23431192

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