UK gives Vodafone and Three five working days for solutions to avoid in-depth merger probe
Publishing timestamp: 2024-03-22 09:46:38
Summary
The U.K.'s Competition and Markets Authority is concerned that Vodafone's proposed merger with CK Hutchison could lead to higher prices and reduced quality for mobile customers. The deal is facing an in-depth probe unless meaningful solutions are provided. Vodafone and CK Hutchison have five days to respond. Both companies believe the merger will benefit competition, customers, and the U.K. mobile network industry.
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Keywords: breaking news: technology, mergers and acquisitions, vodafone group plc, technology, ck hutchison holdings ltd, business news,