The proposed merger between phone networks Vodafone and Three has reached a new stage after the competition watchdog cleared the plans. Subject to certain legal commitments, the 15bn deal can now go ahead having secured the approval of the Competition and Markets Authority (CMA). The green light concludes an investigation by the competition watchdog launched in January 2024. The plans first came to light in June 2023.
The plans had been criticised by industry figures and consumer champions for the potential to weaken competition between network providers and increase prices for customers. The CMA has now addressed both of these key issues, stipulating that any deal between the companies must take precautions to prevent these knock-on effects.
Stuart McIntosh, chair of the independent inquiry group leading the investigation, said: 'It's crucial this merger is handled carefully to ensure fair competition remains in the market and prices do not escalate for consumers. We must keep the telecommunications industry competitive for the benefit of all customers.'
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