The planned £15bn mega-merger of UK mobile networks Vodafone and Three is to face an in-depth investigation by the competition watchdog amid concerns over the impact of the deal. The Competition and Markets Authority (CMA) confirmed it will launch a so-called Phase 2 probe after both firms told the regulator they would not be offering measures to ease its concerns ahead of the deadline.
Category
🗞
NewsTranscript
00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:06 Here are your business headlines for this morning.
00:10 The planned £15bn merger of the UK mobile networks Vodafone and 3 is to face an in-depth
00:17 investigation by the competition Watchdog amid concerns over the impact of the deal.
00:23 The Competition Markets Authority confirmed it will launch a Phase 2 probe after both
00:29 firms told the regulator they would not be offering measures to ease its concerns ahead
00:34 of the deadline.
00:35 Vodafone and 3 first announced a mammoth merger last summer in a move that would create the
00:40 UK's largest mobile phone network.
00:43 So an update this morning from the Competition and Markets Authority.
00:48 The planned £15bn merger of the UK mobile networks of Vodafone and 3 is to face an in-depth
00:56 investigation.
00:58 My name is Greg Rice and I'm the Deputy Business Editor of the Yorkshire Post.
01:02 [BLANK_AUDIO]