Summary by Moomoo AI
The UK's Competition and Markets Authority (CMA) has approved the merger of Vodafone and Three in the UK after 18 months of analysis. The combined entity commits to an £11 billion investment to create one of Europe's most advanced 5G networks, reaching 99% of the population and benefiting over 50 million customers.The merger aims to transform the UK's digital infrastructure, intensify competition in retail and wholesale markets, and support the country's economic growth ambitions. The new network is expected to provide improved quality, reliability, and capacity to handle increasing data demand, particularly with the adoption of new technologies like AI.Vodafone will own 51% of the equity, with an option to acquire Hutchison's 49% stake after three years. The merger is expected to complete in the first half of 2025, subject to final undertakings. Both companies view this as a significant opportunity to enhance the UK's telecommunications landscape and drive competition in the mobile sector.