Telecom
Vodafone-Three’s £15 Billion Deal Gets Preliminary UK Nod
- CMA calls for short term protections to prevent price hikes
- Antitrust watchdog says it will make a final ruling by Dec. 7
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The £15 billion ($19.5 billion) merger between Vodafone Group Plc and Three would be approved if the firms committed to investing in a large scale upgrade of the UK’s mobile network.
The Competition and Markets Authority also said Tuesday that measures to protect customers should be put in place to prevent price increases. The watchdog will make a final decision on Dec. 7.