Executives from Vodafone and CK Hutchison's Three UK unit said their 15 billion pound ($18 billion) merger would benefit Britain's consumers, infrastructure and jobs, as lawmakers scrutinise the planned tie-up.
Vodafone and Three UK have pledged to invest 11 billion pounds to build a 5G network for Britain as part of their bid to secure backing from politicians, unions and competition authorities for the merger announced in June.
Trade union Unite has warned the deal will result in higher bills and job losses.
4 players in Britain’s mobile market they did not have the scale to invest and compete against the two biggest operators, BT’s (BT.L) EE and VM O2, jointly owned by Telefonica (TEF.MC) and Liberty Global (LBTYA.O).
“Neither us nor Vodafone can invest sufficiently to build the type of 5G network that’s needed,” Three’s Chief Technical Officer David Hennessy said.
The two companies have long known that a proposed merger would face intense scrutiny from regulators who have previously opposed deals that reduce the number of networks in major markets from four to three.
But the tie-up would not result in price rises for consumers, said Three’s general counsel Stephen Lerner.
The original article contains 361 words, the summary contains 163 words. Saved 55%. I’m a bot and I’m open source!
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Vodafone and Three UK have pledged to invest 11 billion pounds to build a 5G network for Britain as part of their bid to secure backing from politicians, unions and competition authorities for the merger announced in June.
Trade union Unite has warned the deal will result in higher bills and job losses.
4 players in Britain’s mobile market they did not have the scale to invest and compete against the two biggest operators, BT’s (BT.L) EE and VM O2, jointly owned by Telefonica (TEF.MC) and Liberty Global (LBTYA.O).
“Neither us nor Vodafone can invest sufficiently to build the type of 5G network that’s needed,” Three’s Chief Technical Officer David Hennessy said.
The two companies have long known that a proposed merger would face intense scrutiny from regulators who have previously opposed deals that reduce the number of networks in major markets from four to three.
But the tie-up would not result in price rises for consumers, said Three’s general counsel Stephen Lerner.
The original article contains 361 words, the summary contains 163 words. Saved 55%. I’m a bot and I’m open source!