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M&A

Three/Vodafone: A pathway to approval

Despite identifying competition concerns, the CMA has outlined a set of remedies that could lead to approval of the merger. In doing so it would transform the UK’s mobile market while helping to deliver government ambitions for connectivity and economic growth.

Foreign equity stakes in telecoms

A wave of cross-border investment has seen some operators – directly or indirectly – acquiring shares in their peers. We outline a number of recent developments in the market and in legislation, and consider what's next for foreign investment regulation

Remedies in four-to-three mobile mergers

With renewed calls for in-market consolidation and pending transactions in two European countries, it is timely to revisit previous merger review decisions. We’ve analysed the commitments in four deals and considered the impacts they had on the market

Telecoms versus tech: Who should bear the cost of deploying infrastructure?

Amid rising traffic levels and investment requirements, telcos want tech firms to contribute to network costs. While tech firms claim telcos have failed to monetise their customers, the ‘fair contribution’ concept has grabbed the attention of policymakers

Three/Vodafone: What would be the chances of regulatory approval?

Past attempts at 4-to-3 mobile mergers indicate a high bar for approval. Though wholesale competition concerns could be overcome, the risk of price rises for consumers and mid-band spectrum holdings present more of a challenge to getting a deal through

Making the case for mobile consolidation

Operators in Europe have renewed calls for consolidation in mobile. Whilst some regulators and competition authorities might be more receptive than in the past, operators will need to convince them that consolidation really is key to unlocking investment