Representatives from Vodafone and Three have told MPs their planned merger will not increase prices, despite it reducing the number of competitors in the mobile market.
The firms plan to merge their UK-based operations, creating the biggest mobile network in the UK with around 27 million customers.
The deal still needs to be approved by regulators.
The deal still needs to be approved by regulators.
The UK currently has four major mobile operators – Vodafone, Three, EE (which is part of BT), and Virgin Media O2.
Speaking to the Business and Trade Committee on Tuesday, Unite’s investigative researcher George Stevenson said combining Vodafone and Three would be bad for consumers.
“The UK is perfectly capable of supporting four or many other mobile network operators,” he said.
“But if we have this merger take place, we’re going to see price rises, we’re going to see profits go up.”
But Three general counsel Stephen Lerner said there were “no merger related price rises” in the firms’ joint business plan.
Representatives from Vodafone and Three have told MPs their planned merger will not increase prices, despite it reducing the number of competitors in the mobile market.
The deal still needs to be approved by regulators.
The firms plan to merge their UK-based operations, creating the biggest mobile network in the UK with around 27 million customers.
The UK currently has four major mobile operators – Vodafone, Three, EE (which is part of BT), and Virgin Media O2.
The deal still needs to be approved by regulators.
The deal still needs to be approved by regulators.
The UK currently has four major mobile operators – Vodafone, Three, EE (which is part of BT), and Virgin Media O2.
Speaking to the Business and Trade Committee on Tuesday, Unite’s investigative researcher George Stevenson said combining Vodafone and Three would be bad for consumers.
“The UK is perfectly capable of supporting four or many other mobile network operators,” he said.
“But if we have this merger take place, we’re going to see price rises, we’re going to see profits go up.”
But Three general counsel Stephen Lerner said there were “no merger related price rises” in the firms’ joint business plan.
#Vodafone #deny #merger #push #prices
Note:- (Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. The content is auto-generated from a syndicated feed.))
