UK regulator refers Vodafone's merger with Three for in-depth competition probe
Publishing timestamp: 2024-04-04 02:48:41
Summary
The U.K. competition regulator has referred the proposed merger between Vodafone and CK Hutchison's Three mobile network to an in-depth investigation, citing concerns about a substantial lessening of competition in the U.K. mobile market. The regulator has given a deadline of Sept. 18 to complete the probe and has raised issues about potential higher prices, reduced quality, and negative impact on mobile virtual network operators. Vodafone and Three have expressed confidence in the merger driving stronger competition and network quality.
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Keywords: vodafone group plc, ck hutchison holdings ltd, monopoly and antitrust, antitrust regulation, technology, telecommunications, mergers and acquisitions, business news, mobile phones,