Vodafone-Three UK deal may push bills up, UK regulator says [Yahoo! Finance]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Yahoo! Finance
millions of mobile customers and impact providers like Sky Mobile by reducing the number of networks from four to three, Britain's competition regulator said on Friday. However, the Competition and Markets Authority (CMA) also said the deal could improve network quality and speed up the deployment of next generation 5G, adding it would examine solutions to its concerns before making a final decision on the matter in December. The deal announced last year between Vodafone and Three UK, owned by Hong Kong's CK Hutchison, has challenged the regulator's previous stance that four networks are required to keep prices low. Both operators have argued the deal would create a stronger third player that could compete more effectively with market leaders BT's EE and Virgin Media O2. "We will now consider how Vodafone and Three might address our concerns about the likely impact of the merger on retail and wholesale customers while securing the potential longer-term benefits of the merger,
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