UK begins antitrust probe into Vodafone, Three UK merger
The first phase of a probe into the merger of telecom major Vodafone Group’s UK businesses and Three UK, a privately held telecom firm, has been launched.
Britain’s Competition and Markets Authority (CMA) said on Friday.
The deal, entered into in 2023, would potentially combine both companies’ telecom operations under one single network.
The competition regulator has 40 working days to assess the deal, decide whether it will reduce competition, and if a more in-depth investigation is required.
“This deal would bring together two of the major players in the UK telecommunications market, which is critical to millions of everyday customers, businesses and the wider economy.
“The CMA will assess how this tie-up between rival networks could impact competition before deciding next steps,’’ said Sarah Cardell, chief executive of the CMA.
Currently, Vodafone shares are trading at £0.67 ($0.87), up to 1.03 per cent in London.
(dpa/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Sport
AFCON 2023: Reps member charges Super Eagles to beat Cameroon
“I am very optimistic that we can defeat Cameroon and go all the way, but we need to score goals; Nigerians want to see goals,” he said.
States
Kogi: Police warn political thugs ahead of Ododo’s inauguration
According to him, the police and other security agencies are ready to deal with any miscreants.
NationWide
Minister blames ongoing nationwide blackout on reduced gas supply
“We acknowledge the current unsustainable situation, and we expect a turnaround immediately,” he stated.
States
No casualties as private jet overshoots runway in Ibadan
The official mentioned that the private jet landed safely but skidded off the runway while landing at the airport.
States
Fire razes INEC office in Ibadan, destroys logistic materials
He also stated that no life was lost, adding that only logistic materials got burnt.
NationWide
Customs seek partnership with NIWA to build modern jetties
“We like to ensure that we sustain this momentum of collaboration,” he said.
