It is not a ‘no’, it is not a ‘yes’, but somewhere in between. Just how far along the spectrum between those two binary outcomes will emerge through the coming months. On first glance the Competition and Mergers Authority’s initial findings on the proposed £15 billion merger between the UK businesses of Vodafone and Three look pretty unequivocal.
There will be a significant reduction in competition for Britain’s 90 million mobile subscribers if four become three and prices are likely to go up.
