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Vodafone and 3mobile agree UK merger to create biggest mobile player
https://i.dailymail.co.uk/1s/2023/06...6756759683.jpg
[A deal that would create the country's biggest mobile phone operator has been struck by Vodafone and the owner of Three UK, CK Hutchison. The new combined group, which will comprise only their respective UK operations, will be majority-owned by Vodafone with 51% of the equity. The merger, if approved by regulators, will create a group with a combined 27 million mobile customers. It would mean that BT-owned EE would lose its number one position in the market by customer numbers. The merger would also see the combined group overtake O2. But the Competition and Markets Authority is likely to be concerned that the proposal will lead to weaker competition.] https://news.sky.com/story/vodafone-...-15bn-12899033 |
yeah, i think from a competition point of view, this is bad news
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[Vodafone and Three revealed plans
to merge their UK-based operations in June last year, creating the biggest mobile network in the UK with around 27 million customers. But the CMA provisionally concluded on Wednesday that such a deal would lead to a "substantial lessening in competition".] Some in the Business World think this will now go ahead. 7th of December we find out https://www.theguardian.com/business...ys-uk-watchdog |
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