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Vodafone UK, CK Hutchison Three's merger faces in-depth probe from UK antitrust watchdog [Seeking Alpha]
Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares (VOD)
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Source: Seeking Alpha
US:NASDAQ Investor Relations: vodafone.com/content/index/investors.html
CK Hutchison's ( OTCPK:CKHUY OTCPK:CKHUF ) Three UK could lead to mobile customers facing higher prices and reduced quality. The merger now faces an in-depth probe, what the CMA calls a phase 2 investigation. The agency said that it launched its initial phase 1 investigation in January after it was notified by Vodafone UK and Three UK. The 40 working day review is designed to identify if the deal may lead to a 'substantial lessening of competition' — focusing on the potential impact on consumers and businesses in the U.K. — and therefore requires an in-depth, phase 2 investigation. "Our initial assessment of this deal has identified concerns which could lead to higher prices for customers and lower investment in UK mobile networks. These warrant an in-depth investigation unless Vodafone and Three can come forward with solutions," said Julie Bon, phase 1 decisionmaker for this case at the CMA. In June 2023, Vodafone ( VOD ) and CK Hutchison announced that they were merging thei
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