Vodafone and Three will now merge
gives the go-ahead for Vodafone and Three’s £15 billion merger deal
The companies must invest in the UK network and cap their prices
Together with VMO2, they expect to support 50 million customers
After a year-long investigation, Britain’s Competition and Markets Authority (CMA) has given approval to the Vodafone-Three merger, a deal worth £15 billion ($19 billion).
By consolidating their UK operations, Vodafone and Three will become a market leader with 29 million customers, making the merged giant even bigger than EE, which claims to have 25 million customers.
As part of the process, the CMA stipulated that the two companies must “sign binding commitments to invest billions to roll out a combined 5G network across the UK.”Vodafone-Three merger given the go-ahead
Under the agreement, Vodafone will have a 51% stake, with Three owner CK Hutchison taking the remaining 49%.
