Trending: U.K. Regulator to Launch Expanded Review into Vodafone U.K.'s Joint Venture With Three
1213 GMT - The U.K. Competition and Markets Authority is among the most mentioned topics across news items over the past five hours, according to Factiva data, after the regulator said it would launch a deep review into the planned joint venture between Vodafone U.K. and Three U.K. unless they come up with a solution to its concerns. The regulator said that it believes the deal could result in higher prices for customers and impact investment in U.K. mobile networks. "Whilst Vodafone and Three have made a number of claims about how their deal is good for competition and investment, the CMA has not seen sufficient evidence to date to back these claims," CMA's Julie Bon said. The companies said that the review was an expected step in the process and they looked forward to engaging constructively with the regulator to set out the benefits of the deal. They have five working days to offer a solution otherwise the CMA will refer the deal for a deeper probe. Vodafone shares were up 2.2% at 69.00 pence. Dow Jones & Co. owns Factiva. ( najat.kantouar@wsj.com)
(END) Dow Jones Newswires
March 22, 2024 09:01 ET (13:01 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks