Written by Saf Malik
Vodafone and Three have responded to the Competitions and Markets Authority (CMA) launching a formal investigation into their proposed merger.
It was announced earlier today that a formal investigation would be taking place on the Gov UK website.
Sarah Cardell, chief executive of the CMA said: “This deal would bring together two of the major players in the UK telecommunications market, which is critical to millions of everyday customers, businesses and the wider economy.
“The CMA will assess how this tie-up between rival networks could impact competition before deciding next steps.
“We now have 40 working days to complete this formal Phase 1 investigation, before publishing our findings and any next steps.”
The announcement was made in May 2023, in a deal worth around £15 billion. In October last year, the CMA invited views on the merger.