UK gives Vodafone and Three five working days for solutions to avoid in-depth merger probe [CNBC]
Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares (VOD)
US:NASDAQ Investor Relations:
vodafone.com/content/index/investors.html
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Source: CNBC
the two mobile operators provide “meaningful solutions” to the regulator's concerns. Vodafone and CK Hutchison's British brand Three have five working days to supply their answers. The CMA opened a probe into the proposed tie-up back in January . In the latest update on Friday, the CMA said it was concerned the deal would lead to a substantial lessening of competition, result in higher prices for consumers and create an unfavorable environment for mobile virtual network operators. Mobile virtual network operators, or MVNOs, are a spate of new network operators that have cropped up over the years that use underlying infrastructure from existing telcos, rather than being created from scratch. Announced last year , Vodafone and CK Hutchison's transaction would merge the two brands' U.K. businesses, giving Vodafone a 51% controling stake and leaving CK Hutchison with the minority interest. Vodafone UK CEO Ahmed Essam was set to helm the new enterprise, with Three UK Chief Financia
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VOD
Sec Filings
- 4/16/24 - Form 6-K
- 4/2/24 - Form 6-K
- 3/28/24 - Form 6-K
- VOD's page on the SEC website