Vodafone-Three to Sell Spectrum to VMO2 If UK Merger Is Approved
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Vodafone Group Plc and CK Hutchison Holdings Ltd.’s Three will sell a portion of their spectrum to Virgin Media O2 Ltd. if the companies’ merger is approved by UK competition authorities, the companies said Wednesday.
The £13 billion ($16.4 billion) Vodafone-Three merger, which would create the UK’s largest mobile operator, is undergoing a review by the UK’s Competition and Markets Authority. Rivals have expressed concern that the combined allocation of spectrum, the range of electromagnetic waves that enable wireless technology, would reduce competition and deter investment. The proposed sale is an effort to allay those concerns.