2024-09-13 14:41:31
Regulators opened an in-depth investigation into the multi-billion euro merger in April.
A merger between the British operator Vodafone and UK Three, a subsidiary of Hong Kong conglomerate CK Hutchinson, could increase the cost of communications for many customers, the British competition authority, CMA, worried on Friday.
Regulators opened an in-depth investigation into the multi-billion euro merger in April. In your decisions “a while”presented on Friday, it is believed that the operation “will lead to price increases for tens of millions of consumers” of the mobile phone, which can also suffer “reduced service, such as small data packages in their contracts”.
By reducing the number of British operators to three, the merger could also have a negative impact on the quality of the market, particularly by affecting virtual mobile network operators such as Lyca Mobile, Sky Mobile or Lebara. The CMA, however, recognizes that mergers can also “improving the quality of mobile services and accelerating the deployment of next-generation 5G networks and services”.
A combination to be more competitive
Vodafone and UK trio announced in a joint statement on their Friday “part” including provisional decisions of the CMA. The companies essentially said that by combining the two operators that were not performing well, in fact they would be able to better compete with the other two players in the market, BT/EE and Virgin Media O2 and show them off. ’11 billion investment plan’. The British Vodafone and CK Hutchison decided, thanks to this merger, to create a leader in communications in every channel and a champion of 5G, which they expect to be valued at 16.5 billion pounds (19.6 billion euros).
The findings were published on Friday “it is not the final decision and we hope to work with the CMA to get approval” of operation, and they added and pressed Tu. The CMA has set itself until December 7 to make its final decision. “We will now assess how Vodafone and Meta can address our concerns”Said Stuart McIntosh, who oversees the study, who promises to re-evaluate the investments made by companies. “to improve network quality and promote 5G connectivity”.
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