Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Vodafone, Three UK to Scrutinize UK Regulator's Working Paper that Both Believe Will Provide Path to Merger Approval
Recommend 7 Positive 17 Negative 1 |
||||
|
||||
|
The UK's Competition and Markets Authority (CMA) stated that the merger between Vodafone, and Three UK under CKH HOLDINGS (00001.HK), could be approved if several measures and remedies are implemented. Vodafone and Three UK issued a statement welcoming the CMA's recognition of the significant network quality improvements brought by their joint network plan, which will enhance competition among mobile network operators in the long term and benefit millions who rely on mobile services. Vodafone and Three UK will thoroughly review the CMA's working documents. Based on the information communicated by the CMA so far, the two companies are confident that the CMA has provided a path to final clearance of the transaction. It appears that the working paper has achieved an appropriate balance to ensure that the significant benefits brought by the merged company's investments can be fully and swiftly realized to benefit the country and its citizens, while addressing the concerns raised by the CMA. The CMA's final decision on the merger is expected to be made on or before December 7. Vodafone and Three UK will continue to actively engage with the CMA to resolve any related issues. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
