A £15 billion merger between Vodafone and Three UK has been given the green light by the Competition and Markets Authority. The landmark telecommunications deal can go ahead if both companies agree to invest billions to roll out a combined 5G network across the UK, the watchdog said.
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and
00:05here are your headlines for this morning. A £15bn merger between Vodafone and 3UK has
00:14been approved by the Competition and Markets Authority. The deal can go ahead if both companies
00:22agree to invest billions to roll out a combined 5G network across the UK. The companies have
00:29also been told to offer shorter term customer protections, which would require the merged
00:34company to cap certain mobile tariffs for three years. Stuart McIntosh of the CMA said
00:42the deal is likely to boost competition in the UK mobile sector and should be allowed
00:46to proceed, but only if Vodafone and 3 agree to implement the proposed measures. My name
00:53is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.