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COMMUNICATIONS: Vodafone-Three Remedies Proposed; Incremental Positive

COMMUNICATIONS
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Vodafone and Three have proposed remedies to the CMA; they look to be broadly in line with the behavioural remedy options outlined by the CMA i.e. time-limited retail customer protections and wholesale access terms. The main risk was in the deal was the need for a structural remedy such as the entry of a new wholesale entrant though this seemed to have been largely ruled out at the CMA’s last update (and was an indicated red line for the involved parties anyway) so this seems more of an incremental positive than anything unexpected.


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Vodafone and Three have proposed remedies to the CMA; they look to be broadly in line with the behavioural remedy options outlined by the CMA i.e. time-limited retail customer protections and wholesale access terms. The main risk was in the deal was the need for a structural remedy such as the entry of a new wholesale entrant though this seemed to have been largely ruled out at the CMA’s last update (and was an indicated red line for the involved parties anyway) so this seems more of an incremental positive than anything unexpected.


Keep reading...Show less