Vodafone clashes with watchdog over Three merger

Published On Sep 13, 2024, 2:36 AM

Vodafone and Three have countered claims from the UK’s Competition and Markets Authority (CMA) regarding their proposed merger, asserting it wouldn't lead to increased prices for mobile users. The CMA expressed concerns that the merger could reduce competition and negatively impact lower-income customers. Vodafone’s CEO maintains that the merger will enhance network quality and competition, backed by an £11 billion investment promise. The CMA will consider possible remedies before issuing a final report in December, but has reservations regarding the merging parties' claims about improved network quality.

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Stock Forecasts

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Negative

The merger of Vodafone and Three could face significant regulatory hurdles which may hinder its approval. Should the merger fail to get CMA approval, it could negatively impact Vodafone's stock as uncertainty weighs on the company's future growth prospects in the UK market.

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