British regulators approve $19 billion Vodafone-Three mobile merger

Group 1 - Vodafone plans to cut 11,000 jobs over three years due to recent performance issues under new leadership [1] - The UK's Competition and Markets Authority (CMA) has approved the merger between Vodafone and Three, contingent on specific commitments [2] - The merger, valued at £15 billion ($19 billion), requires both companies to invest significantly in a combined 5G network rollout [2] Group 2 - The merged entity must cap certain mobile tariffs and provide preset contractual terms to mobile virtual network operators (MVNOs) [2]