UK regulator refers Vodafone's merger with Three for in-depth competition probe

The U.K. competition regulator on Thursday referred the proposed merger between Vodafone and CK Hutchison's Three mobile network to an in-depth investigation.

Vodafone and CK Hutchison's transaction would merge the two brands' U.K. businesses, giving Vodafone a 51% controlling stake and leaving CK Hutchison with the minority interest. The Competition and Markets Authority said, with the information that it currently has, the deal may"be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom."The CMA has given itself a deadline of Sept. 18 to complete the in-depth probe, also known as a phase 2 investigation.The CMA has previously said the deal could lead to customers facing higher prices and reduced quality, a lessening of competition in the U.K. mobile market.

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

UK regulators refer Vodafone's merger with Three for in-depth competition probeThe U.K. competition regulator on Thursday referred the proposed merger between Vodafone and CK Hutchison's Three mobile network to an in-depth investigation.
स्रोत: CNBC - 🏆 12. / 72 और पढो »

UK gives Vodafone and Three five working days for solutions to avoid in-depth merger probeThe CMA said it was concerned the deal would lead to a substantial lessening of competition and result in higher prices for consumers.
स्रोत: CNBC - 🏆 12. / 72 और पढो »

UK regulators want to investigate Three and Vodafone's blockbuster mergerMariella Moon has been a night editor for Engadget since 2013, covering everything from consumer technology and video games to strange little robots that could operate on the human body from the inside one day. She has a special affinity for space, its technologies and its mysteries, though, and has interviewed astronauts for Engadget.
स्रोत: engadget - 🏆 276. / 63 और पढो »