Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
The UK competition regulator has signalled that it could approve the proposed £16.5bn combination of Vodafone and Three UK if the companies can address competition concerns through network investment and measures to protect customers.
The Competition and Markets Authority on Tuesday said the planned tie-up might be able to proceed if appropriate remedies were implemented.
These include commitments to deliver a joint network plan, retaining certain mobile tariffs and data plans, and pre-agreed prices and contract terms for mobile virtual network operators.
The watchdog is seeking feedback before making a final decision by December 7.
The CMA said in September that the combination of the two companies could lead to higher bills for tens of millions of customers, and demanded that the companies make changes to the deal.
This is a developing story
Credit: Source link
