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Stock impact report

UK confirms in-depth antitrust probe into Three and Vodafone's planned $19B merger [TechCrunch]

Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares (VOD) 
US:NASDAQ Investor Relations: vodafone.com/content/index/investors.html
Company Research Source: TechCrunch
launching a formal “phase 2” investigation into the planned merger between Vodafone and Three UK. The CMA says that the deal could lead to higher prices for consumers, while also impact future infrastructure investments. However, the CMA has given both parties a token five working days to address its concerns with “meaningful solutions” before it formally progresses the investigation. “Our initial assessment of this deal has identified concerns which could lead to higher prices for customers and lower investment in U.K. mobile networks,” Julie Bon, the CMA's deputy chief economic adviser, said in a statement. “These warrant an in-depth investigation unless Vodafone and Three can come forward with solutions.” The news comes some nine months after plans of the $19 billion deal first emerged , in a move that would effectively reduce the U.K.'s main mobile network operators from four to three (the others being EE and O2). The duo clearly anticipated regulatory headwinds, having alre Show less Read more
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