UK biggest phone network created as Three-Vodafone merger gets conditional approval

The competition watchdog has approved the creation of the UK's biggest phone network by allowing the merger of Three and Vodafone. Regulator the Competition and Markets Authority issued the decision despite previously saying tens of millions could pay more as a result of the amalgamation. CMA approval is contingent on the new entity spending billions to improve 5G internet services across the network, it said.

They must cap some mobile tariffs and offer preset contractual terms to mobile virtual network operators, mobile providers that do not own the networks they operate on, for three years. Both the CMA and communications regulator Ofcom will enforce these, with annual progress reports being submitted by Vodafone and Three. This is enough to satisfy competition concerns, the CMA said.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

How the Vodafone-Three merger could affect your phone billThe change of tack from the Competition and Markets Authority paves the way for the mega-merger to go ahead
Bron: i newspaper - 🏆 8. / 89 Lees verder »

Watchdog reluctantly blesses Vodafone-Three merger – with strings attachedEnough to knit a sweater, in fact
Bron: TheRegister - 🏆 67. / 61 Lees verder »

Vodafone-Three merger could get green light, watchdog saysIt wants commitments on prices and 5G if the creation of the UK's biggest mobile network is to go ahead.
Bron: BBCTech - 🏆 81. / 55 Lees verder »