UK Regulators Approve Vodafone-Three Merger With Conditions

Britain's competition regulator, the Competition and Markets Authority (CMA), has approved the merger between telecommunication firms Vodafone and Three in the U.K., subject to certain conditions. The approval is conditional on both companies signing 'binding commitments to invest billions' to roll out a 5G network across the U.K. Additionally, the combined entity will be required to cap certain mobile prices and 'offer preset contractual terms' to mobile virtual network operators (MVNOs).

This deal, announced last year, will merge the two brands' U.K. businesses, with Vodafone holding a 51% controlling stake and CK Hutchison, the owner of the Three U.K. network, retaining a minority interest

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British regulators approve $19 billion Vodafone-Three mobile mergerBritish regulators said the tie-up can proceed if both companies sign “binding commitments to invest billions” to roll out a 5G network across the…
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