Vodafone and Three UK are actively opposing the CMA’s provisional findings on their merger proposal. They argue that the merger will enhance competition, benefit consumers, and drive an £11 billion investment in the UK’s digital infrastructure, including 5G expansion.
The UK’s Competition and Markets Authority (CMA) has raised concerns about the Vodafone and Three merger, fearing it could harm competition and lead to higher prices for mobile customers. The CMA highlights the potential for reduced services and data offerings. Despite promises of better network quality and enhanced 5G, the CMA remains skeptical.
Three’s 5G network now reaches 62% of the UK’s population, expanding to 656 locations and 4,900 sites nationwide. This growth in Three’s 5G coverage is part of a strategic push to enhance 4G services and significantly expand 5G capabilities, aiming to elevate the UK’s digital infrastructure.
The UK Competition and Markets Authority has extended the deadline for its £15 billion Vodafone-Three merger investigation to 7 December. This delay highlights the broad scope and technical complexity of the inquiry. Vodafone-Three merger promises significant benefits, such as enhanced competition and transformation of the UK’s digital infrastructure.
Tollring has extended its longstanding relationship with Dstny by securing a new three-year contract to deliver its latest call recording solution to Dstny’s pan-European service providers. The contract renewal reaffirms Dstny’s confidence in Tollring products and services which integrate seamlessly with their infrastructure and meet customer compliance requirements in each region.
Three UK has achieved a significant milestone in network sustainability through its collaboration with Ericsson, employing advanced AI-powered hardware and software. Over the past 18 months, the partnership has focused on modernizing Three UK’s network, significantly enhancing energy efficiency with cutting-edge technologies.
The UK Deputy Prime Minister has given the green light to the proposed merger between telecommunications giants Vodafone and Three, citing national security considerations. The decision, made under the National Security and Investment Act 2021, imposes certain conditions on the merger.
Three UK revealed its quarterly financial performance this week, showcasing an increase in revenue and margin while reiterating its intent for a potential merger with competitor Vodafone.
The telecommunications company disclosed a notable 9% surge in both revenue, climbing to £664 million, and margin, reaching £424 million. This growth was attributed in part to a rise in its customer base, with active customers increasing by 3% overall and active contract customers by 6%.
The UK’s Competition and Markets Authority (CMA) is ready to plunge into an in-depth probe into a possible £15 billion merger between telecommunications giants Vodafone UK and Three UK, a decision that could reshape the mobile market landscape. This action, while not surprising, showcases how the regulator continues to question the ambiguous benefits claimed by the companies regarding impact on competition and investment.
Three UK’s latest financial report reveals a concerning swing to a loss, underscoring the company’s pressing need for a merger with Vodafone, as articulated by its chief executive. Despite experiencing growth in both revenue and customer base last year, the mobile operator faced increased capital spending and operating costs, leading to its first earnings loss in over a decade. This financial downturn has been a pivotal factor in advocating for the proposed merger with Vodafone, according to Three UK’s CEO, Robert Finnegan.