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COMMUNICATIONS: Vodafone (VOD Baa2/BBB/BBB[P]): Spectrum Remedy

COMMUNICATIONS

The market had expected remedies, incremental positive here

  • Vodafone and 3 will sell spectrum to VMO2 if their mobile merger is approved by the CMA.
  • Combined spectrum share is one of the competition issues raised in opposition to the merger.
  • VM02 said the move addresses their issues Their network sharing agreement with Vodafone has been extended and will include the enlarged group post-merger.

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