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.
Bharti Airtel and Dialog Axiata have unveiled a fusion plan for their operations in Sri Lanka. The anticipated benefits of this combination include tapping into economies of scale, reducing infrastructure redundancy, drawing from technology and capital synergies, and fostering broadband connectivity advancements.
The recent merger of Orange Spain and MasMovil, forming the telecoms behemoth ‘MasOrange,’ has set the Spanish telecommunications scene abuzz. This union, approved by the European Commission, woos Telefonica – a potential powerhouse partner, disrupts EU regulations on allocated spectrum, and incites the emergence of Digi as a significant player.
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.
Orange and MásMóvil have officially sealed their merger deal, marking a significant development in Spain’s telecom sector. The joint venture, which holds equal shares from both companies, is poised to become a dominant force in the market. Despite the completion of the merger, the new entity is still without a definitive name, leaving industry observers speculating on its future identity.
