Finance
Britain approves $19 billion Vodafone-Three mobile merger
Published by Global Banking & Finance Review®
Posted on December 5, 2024
1 min readLast updated: January 28, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 5, 2024
1 min readLast updated: January 28, 2026
The UK has approved the $19 billion Vodafone-Three merger, forming the largest mobile operator. The CMA's concerns were resolved with commitments on network investment.
LONDON (Reuters) -Britain on Thursday approved the $19 billion merger between Vodafone UK and Hutchison's Three UK to create the country's biggest mobile operator and reduce the number of networks to three from four.
The Competition and Markets Authority had previously said the deal could push up prices for customers, but it later accepted that commitments on network investment and shorter term protections for both retail and wholesale customers were enough to resolve its concerns.
The CMA said: "We believe the merger is likely to boost competition in the UK mobile sector and should be allowed to proceed – but only if Vodafone and Three agree to implement our proposed measures."
(Reporting by Paul Sandle; Editing by Kate Holton)
The main topic is the approval of the $19 billion merger between Vodafone UK and Hutchison's Three UK, forming the largest mobile operator in the UK.
The merger is expected to boost competition in the UK mobile sector by reducing the number of networks from four to three.
The CMA was initially concerned about potential price hikes for customers but accepted commitments on network investment as a resolution.
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