Vodafone and Three’s big merger now in the hands of UK regulator

It took more than a year for a long-anticipated merger of Vodafone Group Plc and CK Hutchison Holdings Ltd.’s Three to come together. And it could take just as long for the deal to clear the antitrust and national security hurdles to come.Wednesday, would form the UK’s largest mobile operator by revenue — which in and of itself will prove a tricky proposition to take to Britain’s Competition and Markets Authority.in April Microsoft Corp.

Yet both companies have struggled to earn back their cost of capital in the country, leading to a sense of urgency to close the deal as the government seeks to show the UK is open for business post-Brexit. In 2016, Ofcom and the CMA opposed Three’s attempt to buy O2. The CMA ultimately referred the decision to the EU, which blocked it.

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