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The proposed £16.5bn merger of mobile networks Vodafone and Three has received approval from the UK’s Competition and Markets Authority (CMA), creating the largest network in the country with 27 million users. The deal can proceed, provided both entities agree to invest billions to improve the UK’s 5G infrastructure. There will also be a cap on selected mobile contracts and data costs to safeguard consumers against “short-term” price rises for a minimum of three years. The CMA had previously voiced concerns that the merger could lead to increases in prices.
Stuart McIntosh, head of the group overseeing the CMA probe, stated that the merger is “likely to boost competition in the UK mobile sector”. However, this will only occur if the pair implement the CMA’s suggested measures. Vodafone and Three have declared that their union will steer the UK into the digital fast lane, and the merger is projected to generate £11bn in investment while fostering competition with Mobile Virtual Network Operators. Most of these small firms rely on the infrastructure of major service providers, such as Virgin Media, O2, and EE.
Regulators have been worried about the escalating cost of mobile phone contracts and other online services, as well as the tardy pace of the UK’s 5G network rollout.
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