Summary by Futu AI
Vodafone and Three have responded to the CMA's Notice of Possible Remedies with comprehensive commitments to address competition concerns. The companies have tabled two major remedies: an Ofcom-enforceable £11 billion network investment program and a network sharing agreement with spectrum sale to VMO2, benefiting over 50 million mobile customers.To address retail concerns, despite disagreeing with CMA's price increase concerns, they commit to maintaining tariffs at £10 or below for two years post-merger for SMARTY customers, offering social tariffs on SMARTY and VOXI 4 Now brands, and protecting vulnerable customers. For wholesale markets, they will provide a reference offer encouraging MVNOs to access their additional network capacity.The merger aims to transform UK digital infrastructure, promising best-in-class 5G connectivity to schools and hospitals nationwide. The companies remain confident in securing approval, with the CMA's final decision due by December 7, 2024.