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.
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."five working days to come up with "meaningful solutions" to the regulator's concerns or face an in-depth investigation.
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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.
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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.
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