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6-K: Vodafone and Three Respond to Notice of Possible Remedies

SEC ·  Oct 1, 2024 02:23

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.
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.

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