Vodafone and Three’s $19B merger cleared by UK regulators — with conditions
The $19B Vodafone-Three merger gets UK regulators' approval with investment and tariff conditions.

The highly scrutinized $19 billion merger between Vodafone and Three has been approved by the UK's antitrust regulator, the Competition and Markets Authority (CMA), with specific conditions attached. The approval requires both corporations to commit significant investments to develop a united 5G network across the UK and ensure tariff caps for particular mobile services over three years to protect consumers.
The CMA's remedies are noteworthy for being behavioral rather than structural, meaning neither company needs to divest business units or sell infrastructure. Unlike past '4-3' mobile sector mergers, which often depended on substantial structural arrangements, this decision reflects a pragmatic approach, anticipating that competition among three strong operators will benefit UK consumers more significantly.
The merger is seen as a significant step for the UK telecom industry, positioning the market at the forefront of European telecommunications. Under the oversight of CMA and Ofcom, the new entity is poised to elevate competition standards, ensuring wider coverage and improved quality of mobile services without diminishing market competitiveness.