UK antitrust watchdog seeks views on Vodafone's merger with CK Hutchison's Three [Seeking Alpha]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
NASDAQ:AMEX Investor Relations:
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Source: Seeking Alpha
of Vodafone ( NASDAQ: VOD ) and CK Hutchison's ( OTCPK:CKHUY OTCPK:CKHUF ) Three UK could have on competition in the country. The British antitrust watchdog said it is providing an early opportunity for interested third parties to comment on the impact of the deal, before it launches a formal investigation once it has received the information it requires from the merging companies. In June, Vodafone ( VOD ) and CK Hutchison announced that they were merging their U.K. telecommunication businesses, Vodafone UK and Three UK, to create the country's largest mobile operator. "We will be carefully considering how this deal may affect competition in the UK, which could affect the options and prices available to customers. We will also assess how it may affect incentives to invest in the quality of UK mobile networks," said CMA's Chief Executive Sarah Cardell. The CMA noted that the invitation to comment is being launched before the CMA starts its Phase 1 merger investigation. The age
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