A merger of Vodafone’s domestic business with CK Hutchison’s Three UK has been given the go-ahead. Photograph: BloombergThe UK competition regulator has approved the £16.5 billion merger of Vodafone’s domestic business with CK Hutchison’s Three UK, which is expected to create Britain’s largest mobile operator.
The CMA last month paved the way for the tie-up after announcing the deal could proceed as long as the companies addressed competition concerns. The watchdog had warned in September that the merger could lead to higher bills for tens of millions of customers and demanded changes. ‘If you charge someone €400 they are immediately p*ssed off.’ Third generation of Fitzpatrick hoteliersHundreds detained in Northern Ireland trying to travel into Britain after crossing BorderThe legally binding commitments require the delivery of the joint network upgrade over the next eight years. The companies must also cap the prices of some mobile tariffs and data plans, as well as offering preset prices and contract terms for wholesale services, for three years.
Stuart McIntosh, chair of the inquiry group leading the investigation, said: “We believe the merger is likely to boost competition in the UK mobile sector and should be allowed to proceed – but only if Vodafone and Three agree to implement our proposed measures.”
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Herkunft: IrishTimes - 🏆 3. / 98 Weiterlesen »
Herkunft: IrishTimes - 🏆 3. / 98 Weiterlesen »