Vodafone and Three agree UK merger, but will regulator block the deal?

Vodafone and Three agree UK merger, but will regulator block the deal?

a year ago
Anonymous $KxGqLmj_R3

https://techmonitor.ai/technology/networks/vodafone-three-merger-cma

Vodafone and Three have agreed a long-trailed merger which will create the UK's largest mobile network with 27 million customers. But now the two companies must wait and see if the deal gets the blessing of the UK's competition regulator, which may raise concerns about the new business taking too large a share of the market.

Announced earlier today, the merger will see Vodafone own a controlling 51% stake in the combined company, with current Vodafone UK CEO Ahmed Essam taking the top job at the new business. Three CFO Darren Purkis will assume the same role at the new business following the merger, which is due to close by the end of 2024.