UK Approves Vodafone-Three Merger with Conditions

Britain's competition regulator on Thursday approved the merger between telecommunication firms Vodafone and Three in the U.K., subject to certain conditions.

The Competition and Markets Authority said the £15 billion tie-up should be allowed to proceed if both companies sign"binding commitments to invest billions" to roll out a combined 5G network across the U.K.The combined entity would also be required to cap certain mobile tariffs and"offer preset contractual terms" to so-called mobile virtual network operators — mobile operators that piggyback off of another company's network.

"This mega-merger marks one of the most significant moments in the history of UK mobile, heralding the arrival of a new market leader with a combined 29 million customers," Kester Mann, director of consumer and connectivity at CCS Insight, said in a note on Thursday."The outcome – after months of intense regulatory scrutiny – is about as good as it could have got for Vodafone and Three.

Vodafone has previously said the combined entity would invest £11 billion into U.K. telecommunications infrastructure.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

UK Regulators Approve Vodafone-Three Merger With ConditionsThe Competition and Markets Authority (CMA) has approved the merger between Vodafone and Three in the U.K., contingent on commitments to roll out a 5G network and offer favorable terms to MVNOs.
Fuente: CNBC - 🏆 12. / 72 Leer más »

British regulators approve $19 billion Vodafone-Three mobile mergerBritish regulators said the tie-up can proceed if both companies sign “binding commitments to invest billions” to roll out a 5G network across the…
Fuente: nbcchicago - 🏆 545. / 51 Leer más »

Attorney General approves Rady Children’s-CHOC mergerAnnounced in 2023, new organization would be called Rady Children’s Health
Fuente: sdut - 🏆 5. / 95 Leer más »

San Antonio City Council approves merger of two existing climate advisory committeesSan Antonio City Council approved a proposed merging ordinance for the city’s two existing climate advisory committees, setting in motion a singular team to oversee sustainability efforts.
Fuente: ksatnews - 🏆 442. / 53 Leer más »

Skydance boss David Ellison to chop Paramount's three-headed CEO structure after merger: reportDavid Ellison, son of Oracle billionaire Larry Ellison who will run the combined company as chairman and CEO, is planning changes at Paramount.
Fuente: nypost - 🏆 91. / 67 Leer más »