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International Business Times
International Business Times
Business
Ben PERRY

British Regulator Approves Vodafone UK, Three Merger

Vodafone Three United Kingdom CK Hutchison Britain CMA Hong Kong Virgin Media O2
With 27 million combined customers, Vodafone's merger with Three will vault the new group above the UK's two largest mobile operators BT EE and Virgin Media O2 (Credit: AFP)

Vodafone and Three, the UK division of Hong Kong-based CK Hutchison, are set to create Britain's biggest mobile phone operator after the country's competition regulator backed the deal Thursday.

The Competition and Markets Authority (CMA) said in a statement that the tie-up will proceed after the companies pledged to invest billions of pounds on rolling out a high-speed 5G network across the UK.

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