News Formal

UK Approves Vodafone-Three Merger with Conditions

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 51 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 63%

TELECOMMUNICATION Nyheter

Vodafone,Three U.K.,Competition And Markets Authority

The Competition and Markets Authority (CMA) has given the green light to the merger between Vodafone and Three U.K., provided both companies commit to investing billions for a nationwide 5G network.

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 270. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »

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…
Källa: nbcchicago - 🏆 545. / 51 Läs mer »

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

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.
Källa: ksatnews - 🏆 442. / 53 Läs mer »

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.
Källa: nypost - 🏆 91. / 67 Läs mer »