CMA refers Vodafone-Three merger for detailed investigation due to competition concerns.
The UK's Competition and Markets Authority (CMA) has referred Vodafone's proposed merger with Three mobile network operator, owned by CK Hutchison, to a detailed investigation due to concerns that the deal may result in a "substantial lessening of competition" in the UK market. The $19bn tie-up, which was announced last year, would reduce the number of networks from four to three, raising concerns about potential impacts on consumer prices and quality.
April 04, 2024
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