Vodafone and Three UK Battle Roadblocks to Mobile Tie-Up [BNN Bloomberg (Canada)]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: BNN Bloomberg
Discussions between Vodafone and Three's owner CK Hutchison Holdings Ltd. have been delayed in recent weeks by considerations about the integration and impact of their proposed tie-up, the people said, asking not to be identified discussing confidential information. Things have been further complicated by news that Vodafone's Chief Executive Officer Nick Read will stand down at the end of the year, they added. High on the agenda has been the potential response of competition watchdogs to any move that would see a smaller rival taken out of the market, according to the people. Vodafone and CK Hutchison are keen to head off antitrust concerns that fewer network providers would mean less pressure to reduce prices, at a time when double-digit inflation is squeezing British consumers. They want to show any merger would boost rural 5G rollout in the UK, the people said. Representatives for CK Hutchison and Vodafone declined to comment. Vodafone and CK Hutchison confirmed they were
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