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.
BT, a leading UK telecommunications company, has issued a detailed 40-page report in response to the proposed merger between Vodafone and Three. The report argues that the merger would create a dominant entity in the UK mobile market, possessing 61% of the network capacity, a level of control unprecedented in both the UK and Western Europe.
Indonesian telecommunications giant Axiata and conglomerate Sinar Mas are in talks to explore merging their respective operations in Indonesia. The potential merger would involve combining XL Axiata, owned by Axiata, with Smartfren, the mobile network subsidiary of Sinar Mas.
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%.
Matthew Riley, the CEO of Daisy Group, a leading UK IT services company, is reportedly on the brink of finalizing a merger deal with Wavenet, a communication and technology solutions provider based in the UK. According to sources disclosed to Sky News, the merger is in its final stages.
A monumental step for Saudi Arabia’s Vision 2030 appears on the horizon as the Public Investment Fund and stc group plan to merge TAWAL and Golden Lattice Investment Company (GLIC). This partnership, expected to have a value of $5.85 billion and annual revenues near $1.3 billion, could be a game-changer in the telecommunications infrastructure domain.
