Vodafone-Three £15 Billion Merger Wins UK Antitrust Approval [Yahoo! Finance]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
NASDAQ:AMEX Investor Relations:
ckh.com.hk/en/ir
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Source: Yahoo! Finance
Most Read from Bloomberg As Wars Rage, Cities Face a Dark New Era of Urban Destruction Riyadh Metro Partially Opens in Bid to Ease City's Traffic Jams Concerns over the combination's impact on competition were addressed with commitments to invest in a large-scale upgrade of the UK's mobile network and protect consumers against price rises, the Competition and Markets Authority said on Thursday. “The Competition and Markets Authority has decided Vodafone's merger with Three should be allowed to proceed if both companies sign binding commitments to invest billions to roll out a combined 5G network across the UK,” the CMA said in a statement. The deal, which will combine two of the country's top four mobile operators, gives Vodafone 51% while CK Hutchison will control the remainder. It's a landmark decision for the European telecommunications sector, which has been lobbying for more consolidation for many years. For Vodafone, the approval is a win for Chief Executive Officer
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