Vodafone Group PLC (LSE:VOD) and Three have announced further concessions in order to get their proposed business combination cleared by the Competition and Markets Authority (CMA). The CMA has voiced concerns that the proposed merger, which will reduce the number of network operators in the UK from four to three, will result in a substantial lessening of competition in both the retail and wholesale mobile markets.
Vodafone Group PLC's (LSE:VOD) confirmed on Monday that the merger between its UK telecoms arm and Three UK will no longer require approval from shareholders under new UK listing rules. Vodafone told investors this in a statement, confirming that the transaction is classified as a significant transaction, which means a vote is no longer needed following the new listing rules coming into force at the end of July.
Shares of debt-ridden Vodafone Idea surged by more than 11% on Monday, following the announcement of a major deal to secure telecom equipment for its upcoming 4G and 5G network expansion. The telecom operator inked agreements worth $3.
Milestone enables Vodafone Ireland to deliver superior customer experiences and operational excellence through a consolidated customer view and simplified architecture JERSEY CITY, NJ / ACCESSWIRE / September 19, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced the successful completion of a unified single business support system (BSS) and operations support system (OSS) platform transformation for Vodafone Ireland, integrating mobile and fixed communication services into a single, streamlined system, enhancing operational efficiency and customer experience. The new platform provides a consolidated customer view, empowering front-line agents to make informed decisions, reducing errors, and streamlining processes.
Vodafone (LON: VOD) share price retreated by over 2% in London and by 0.50% in the US pre-market session on Thursday. It fell to a low of 76.32p, down from this week's high of 79.50.
Vodafone Group PLC (LSE:VOD) has been ordered to pull several advertisements after the Advertising Standards Authority (ASA) ruled that claims made in three ads about its broadband services were misleading. The ruling came after BT Group PLC (LSE:BT.A) challenged Vodafone's assertions that it provided the “same broadband” or “same broadband technology” as BT at a lower cost.
Vodafone's disposal of Italy and Spain strengthens its business profile, making it an undervalued income play for long-term investors. The company's streamlined operations and sustainable dividend offer a compelling income pick in the European telecoms sector. Vodafone's improved balance sheet and strategic share buybacks enhance its financial stability and future dividend prospects.
The U.K.'s Competition and Markets Authority said the proposed merger between Vodafone and Three would lead to a “substantial lessening of competition in the U.K.” phone market
Britain's competition watchdog on Friday said it found competition concerns with the proposed merger between Vodafone and the Three UK mobile network owned by CK Hutchison. The U.K. Competition and Markets Authority (CMA) said the deal would lead to price increases for tens of millions of customers or see some users get reduced services.
The U.K.'s antitrust regulator has delivered its provisional ruling in a longstanding battle to combine two of the country's major telecommunication operators.
Britain's competition watchdog has raised concerns about Vodafone Group PLC (LSE:VOD)'s planned merger with Three. An investigation by the Competition and Markets Authority concluded that the merger could result in higher prices or reduced services for tens of millions of mobile customers.
Britain's competition watchdog said on Friday Vodafone's $19 billion merger with CK Hutchison's Three UK could lead to higher prices for customers and it will explore potential solutions to its concerns before it makes a final decision about the deal.