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Vodafone and Three refuse to rule out price rises after £15bn merger [Yahoo! Finance]
Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares (VOD)
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Source: Yahoo! Finance
US:NASDAQ Investor Relations: vodafone.com/content/index/investors.html
The two mobile phone giants left the door open to higher bills for subscribers as they responded to a probe by the Competition and Markets Authority (CMA), arguing against a wide-ranging price freeze. However, Vodafone and Three did pledge to maintain tariffs for a portion of users on its cheapest plans. Earlier this month, the CMA warned that mobile bills could rise by between 3pc and 6pc as a result of a merger between Three and Vodafone, which would create the UK's biggest network and cut the number of operators from three to four. The CMA suggested that the companies could promise “behavioural remedies” to assuage the regulator's concerns, including allowing customers to “roll over” their existing contracts for a certain period of time. But responding to the watchdog on Monday, Vodafone and Three said that “time-limited retail customer protections are not necessary” and that customers are “already adequately protected from price increases and service degradations”. The
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- 9/30/24 - Form 6-K
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