The Competition and Markets Authority (CMA) has agreed to allow a merger between Vodafone and Three, subject to certain conditions.
Both companies will be required to sign binding agreements in which they commit to:
- Invest heavily in a combined 5G network across the UK, over the next 8 years.
- Cap certain mobile tariffs and data plans for 3 years.
- Offer pre-set prices and contract terms to “mobile virtual network operators”. (These are intermediary organisations which provide mobile services, including Tesco and HJS Technology.)
The network commitment will be overseen by both Ofcom and the CMA, with the newly-merged company also having to publish an annual report, setting out progress on the implementation of the network plan.
A statement from Vodafone included assurances that the new network will provide customers with wider coverage, faster speeds and better-quality connections across the UK.
The merger is expected to formally complete during the first half of 2025.
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