A proposed merger between mobile networks Vodafone and Three could lead to "higher prices" and "reduced quality" for customers, the competition watchdog has warned.
The Competition and Markets Authority (CMA) said the deal will face an in-depth investigation unless both companies can quickly address its worries. Vodafone and Three first announced the £15bn merger, which will create the UK’s largest mobile phone network, last summer.
The two mobile firms have argued the deal will allow them to increase investment and better compete with major rivals, EE operator BT and Virgin Media-O2. However, the CMA launched an initial phase one investigation into the move in January and said yesterday it has concerns over the impact of two of the UK’s four largest mobile firms merging.
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