Vodafone's £16.5bn mega-merger with Three gets the green light from the competition regulator
Daily MailVodafone's mega-merger with rival network Three has been given the green light by the competition regulator. The UK’s Competition and Markets Authority cleared the way for the £16.5billion tie-up on condition that both companies invest billions in the UK’s 5G mobile network as well as cap prices on their lowest-cost mobile plans. Approved: Vodafone's mega-merger with rival network Three will create the largest mobile network in the UK, with 27m customers Vodafone will hold a 51 per cent stake in the new group. Stuart McIntosh, chairman of the independent inquiry group leading the investigation into the tie-up, said: ‘Having carefully considered the evidence, as well as the extensive feedback we have received, we believe the merger is likely to boost competition in the UK mobile sector and should be allowed to proceed - but only if Vodafone and Three agree to implement our proposed measures.’ Vodafone boss Margherita Della Valle said the deal would create ‘a new force in the UK’s telecoms market’ and provide customers with ‘wider coverage, faster speeds and better-quality connections’.