Will CMA Concerns About VOD's Merger With Three UK Affect the Stock?

The Competition and Markets Authority ("CMA") – the U.K.'s competition watchdog – has raised concerns about the proposed £15 billion Vodafone Group Public Limited Company's (VOD) merger with Three UK. The agreement is likely to create the largest mobile network in the U.K., with more than 27 million customers, reducing the number of mobile operators from four to three. In its provisional findings, the CMA has observed that the deal could disrupt the competitive market and potentially harm customers by raisi ...