UPDATE 1-UK regulator says Vodafone, Three deal to face in-depth probe if solutions not given

Reuters03-22

(Adds background)

LONDON, March 22 (Reuters) - Britain's antitrust regulator warned that the merger between Vodafone's UK operation and Hutchison's Three UK unit could leave consumers worse off and said the tie-up will face an in-depth probe if the pair do not provide solutions.

The $19 billion deal between the two companies was announced last year, and if it proceeds, it will reduce the number of mobile networks in Britain from four to three, meaning it was widely expected to be referred for an in-depth investigation.

The Competition and Markets Authority $(CMA)$ on Friday gave the two companies five working days to respond with "meaningful solutions" to its concerns that the merger will result in higher prices for consumers and businesses and lower investment.

"Whilst Vodafone and Three have made a number of claims about how their deal is good for competition and investment, the CMA has not seen sufficient evidence to date to back these claims," the regulator said in its statement.

"These warrant an in-depth investigation unless Vodafone and Three can come forward with solutions."

(Reporting by Paul Sandle and Sarah Young Editing by Mark Potter and Tomasz Janowski)

((sarah.young@thomsonreuters.com; +44 20 7542 1109; Reuters Messaging: sarah.young.thomsonreuters@reuters.net))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2421863806?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-22 15:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2421863806","market":"sh","top_or_hot":-1,"title":"UPDATE 1-UK regulator says Vodafone, Three deal to face in-depth probe if solutions not given","media":"Reuters","content":"<html><body><p>(Adds background)</p><p>      LONDON, March 22 (Reuters) - Britain's antitrust regulator warned that the merger between Vodafone's    UK operation and Hutchison's    Three UK unit could leave consumers worse off and said the tie-up will face an in-depth probe if the pair do not provide solutions.</p><p>   The $19 billion deal between the two companies was announced last year, and if it proceeds, it will reduce the number of mobile networks in Britain from four to three, meaning it was widely expected to be referred for an in-depth investigation. </p><p>   The Competition and Markets Authority <a href=\"https://laohu8.com/S/CMA\">$(CMA)$</a> on Friday gave the two companies five working days to respond with \"meaningful solutions\" to its concerns that the merger will result in higher prices for consumers and businesses and lower investment.</p><p>   \"Whilst Vodafone and Three have made a number of claims about how their deal is good for competition and investment, the CMA has not seen sufficient evidence to date to back these claims,\" the regulator said in its statement. </p><p>   \"These warrant an in-depth investigation unless Vodafone and Three can come forward with solutions.\"</p><p>(Reporting by Paul Sandle and Sarah Young Editing by Mark Potter and Tomasz Janowski)</p><p>((sarah.young@thomsonreuters.com; +44 20 7542 1109; Reuters Messaging: sarah.young.thomsonreuters@reuters.net))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UPDATE 1-UK regulator says Vodafone, Three deal to face in-depth probe if solutions not given</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUPDATE 1-UK regulator says Vodafone, Three deal to face in-depth probe if solutions not given\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-22 15:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Adds background)      LONDON, March 22 (Reuters) - Britain's antitrust regulator warned that the merger between Vodafone's    UK operation and Hutchison's    Three UK unit could leave consumers worse...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1521","symbol_name":"挪威政府全球养老基金持仓","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2421863806","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2421863806","pubTimestamp":1711092474,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"(Adds background)      LONDON, March 22 (Reuters) - Britain's antitrust regulator warned that the merger between Vodafone's    UK operation and Hutchison's    Three UK unit could leave consumers worse","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1521":"挪威政府全球养老基金持仓","BK1500":"做空集合股","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","BK1569":"长和系","BK1230":"工业集团企业","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","BK1601":"香港本地股","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","00001":"长和"},"translate_title":"更新1-英国监管机构称沃达丰，如果不给出解决方案，三笔交易将面临深入调查","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00001":0.9},"content_text":"(Adds background)      LONDON, March 22 (Reuters) - Britain's antitrust regulator warned that the merger between Vodafone's    UK operation and Hutchison's    Three UK unit could leave consumers worse off and said the tie-up will face an in-depth probe if the pair do not provide solutions.   The $19 billion deal between the two companies was announced last year, and if it proceeds, it will reduce the number of mobile networks in Britain from four to three, meaning it was widely expected to be referred for an in-depth investigation.    The Competition and Markets Authority $(CMA)$ on Friday gave the two companies five working days to respond with \"meaningful solutions\" to its concerns that the merger will result in higher prices for consumers and businesses and lower investment.   \"Whilst Vodafone and Three have made a number of claims about how their deal is good for competition and investment, the CMA has not seen sufficient evidence to date to back these claims,\" the regulator said in its statement.    \"These warrant an in-depth investigation unless Vodafone and Three can come forward with solutions.\"(Reporting by Paul Sandle and Sarah Young Editing by Mark Potter and Tomasz Janowski)((sarah.young@thomsonreuters.com; +44 20 7542 1109; Reuters Messaging: sarah.young.thomsonreuters@reuters.net))","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2421863806"}