Oct 17, 2023

Vodafone and Three deny merger will push up prices

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 Unite union says bills could rise by £300 per year if it goes ahead. The UK currently has four major mobile operators - Vodafone, Three, EE, 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. Three general counsel Stephen Lerner said there were "No merger related price rises" in the firms' joint business plan. The firms said they were in talks with the Competition and Markets Authority, which will review the potential impact of the merger. Rea Dona, network and development director of Vodafone UK, said the combined firm planned to use 5G to deliver fibre broadband equivalent internet access to 82% of UK households.

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