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Three and Vodafone will merge in the UK

It requires an investment in the billions from both companies.

CMA is allowing the deal to proceed as long as "both companies sign binding commitments to invest billions to roll out a combined 5G network across the UK," a release states. Chair of the independent inquiry group, Stuart McIntosh, explained, "We believe the merger is likely to boost competition in the UK mobile sector and should be allowed to proceed — but only if Vodafone and Three agree to implement our proposed measures." CMA concurred but, in 2021, allowed O2 to merge with Virgin Media, determining that it would not have a "substantial" impact on competition due to the nature of their combined offerings.

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