Vodafone, Hutchison merge to create UK’s biggest operator
London/Hong Kong, June 14
Vodafone and CK Hutchison finally unveiled the £15-billion pound ($19 billion) merger of their British mobile operations on Wednesday, saying the creation of a new market leader would drive competition and investment in the country.
The long-awaited deal, after the two companies disclosed talks in October, will now trigger prolonged scrutiny by the anti-trust regulator into whether an operator with 27 million customers could lead to higher mobile prices.
The two firms said they would invest £11 billion to create “one of Europe’s most advanced standalone 5G networks”. Reuters
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