Vodafone: responses to the CMA's provisional findings

(CercleFinance.com) - Vodafone has responded to the provisional findings of the CMA, the UK competition regulator.


Vodafone and Three UK state that they do not agree with the CMA's provisional findings that their merger raises competition concerns and could result in higher prices for customers.

The Vodafone/Three merger is a once-in-a-lifetime opportunity to transform the UK's digital infrastructure through an £11bn investment, the group says.

Vodafone's management believes that the merger is good for growth, good for customers and good for competition on all counts.

It can and should be approved by the CMA.

The group says this is not a final decision, and it looks forward to working with the CMA to obtain its approval.

Vodafone CEO Margherita Della Valle said that its merger is a catalyst for change. It's time to release the handbrake on the country's connectivity and build the world-class infrastructure the country deserves. We propose a self-funded plan to stimulate economic growth and bridge the digital divide in the UK.


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