Vodafone’s Deal With Three Gets UK Watchdog Merger Review
- The CMA sets a March 22 deadline for an in-depth probe
- Deal will create largest UK mobile operator by revenue
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Vodafone Group Plc’s push to combine its UK unit with CK Hutchison Holdings Ltd’s Three to create the country’s largest mobile operator by revenue is to be investigated by Britain’s antitrust watchdog.
The Competition and Markets Authority said Friday it had started the first stage of its merger review process into the proposed joint venture, months after the agency sought views from the market on the tie-up. The announcement starts the clock on one of the most closely-watched antitrust reviews in 2024, with an initial deadline of March 22.