Phase 2 is highly likely in the Three / Vodafone Merger story. The CMA has nothing to lose at this stage.
Friday probably can’t come soon enough for the teams at Vodafone and Three. It’s the day when the CMA is due to announce if it thinks the proposed merger should go to phase 2. My bets are a decision will come, and it will be to let it go through to phase 2. It’s a long process, probably running until the Autumn, and will be run by a second independent team, but it’s wholly worthwhile. I see no reason not to do the due diligence. (more…)
