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।
स्रोत: CNBC - 🏆 12. / 72 और पढो »
स्रोत: CNBC - 🏆 12. / 72 और पढो »
स्रोत: engadget - 🏆 276. / 63 और पढो »