The UK Competition and Markets Authority (CMA) has extended the deadline for its investigation into the £15 billion Vodafone–Three merger. Originally slated for completion in October, the decision will now be made by 7 December this year. This extension is due to the broad scope and technical complexity of the inquiry.
The CMA stated, “The Inquiry Group now considers that it will not be possible to complete the investigation and to publish its final report within the revised reference period. The Inquiry Group aims to complete the inquiry as soon as possible.”
In response, Vodafone remarked, “We appreciate the additional time it is taking to assess the extensive evidence submitted, which sets out how this transaction will significantly benefit over 50 million mobile customers, enhance competition, and help transform the UK’s digital infrastructure. We will continue to work closely with the Inquiry Group as it finalizes its report.”
Earlier this year, the UK government conditionally approved the merger subject to specific conditions. The following responses highlighted several issues and potential remedies, including a 40-page report by BT criticizing the merger. BT argued that the merger completion would harm UK customers.
Should the merger be approved, Vodafone has pledged an investment of £11 billion over the next decade to create a standalone 5G network in Europe. This network aims to provide coverage to all schools and hospitals by 2030.
Industry professionals can meet at Connected Britain on 11-12 September in London to discuss various implications and viewpoints.
This merger remains a significant topic in the telecom sector, highlighting issues of market dynamics, regulatory oversight, and the push for advanced network infrastructure. The delay underscores the complexity and substantial impact this merger might have on the UK’s telecommunications landscape.
