UK biggest phone network created as Three-Vodafone merger gets conditional approval

Core Viewpoint - The merger of Three and Vodafone has been approved by the UK's Competition and Markets Authority (CMA), creating the largest mobile network in the UK despite concerns over potential price increases for consumers [1][5]. Group 1: Regulatory Approval and Conditions - The CMA's approval is conditional upon the new entity investing billions to enhance 5G internet services across the network [1]. - Legally binding targets have been established for the combined Vodafone and Three, including capping certain mobile tariffs and offering preset contractual terms to mobile virtual network operators for three years [2]. - Both the CMA and communications regulator Ofcom will enforce these conditions, with Vodafone and Three required to submit annual progress reports [3]. Group 2: Market Impact and Consumer Benefits - The merger reduces the number of mobile phone networks from four to three, resulting in the largest provider with 27 million customers [5]. - Increased investment in 5G services is expected to enhance competition among mobile network operators in the long term, benefiting millions of consumers [5]. - The deal is valued at £16.5 billion and has been under regulatory review for nearly a year, with industry analysts optimistic about the potential for improved services and network investment [6].