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Three and Vodafone’s $19B merger hits the skids as UK rules the deal would adversely impact customers and MVNOs

TechCrunch: M&A

.’s antitrust regulator has delivered its provisional ruling in a longstanding battle to combine two of the country’s major telecommunication operators.

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Africa represents new frontier for tech dealmakers

JD Supra: Mergers

The continent’s growing population is producing a wealth of investment opportunities as demand for digital services ramps up - The technology, media and telecommunications (TMT) sector has been a major driver of Africa’s dealmaking since the pandemic, posting the highest aggregate value across all sectors on the continent over the past three years.

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ALERT: Team Telecom Streamlining Procedures Take Effect

JD Supra: Mergers

In October 2020 and 2021, the FCC adopted a pair of Orders to streamline the processing of applications involving “reportable” foreign ownership that are referred to the Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector—commonly known as “Team Telecom.”

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Minority Stakes — Beware of UK National Security Risks

JD Supra: Mergers

Government’s recent conditional approval of a minority investment (coupled with a commercial arrangement) by Emirates Telecommunications Group Co. PJSC (“e&”) (majority owned by the UAE Government) over Vodafone Group Plc (“Vodafone”) is a timely reminder that the U.K.’s

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Three’s £2bn dividend payout sparks row over Vodafone merger

The Guardian: Mergers & Acquisitions

The Unite union said the dividend paid to the Hong Kong-listed conglomerate of the billionaire Li Ka-shing, which owns Three, revealed that the firm was highly profitable as an independent business and could remain viable without a merger. Continue reading.

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Vodafone-Three merger: tens of millions could face higher bills, says UK watchdog

The Guardian: Mergers & Acquisitions

CMA fears customers least able to afford mobile services would be most affected by deal A proposed merger between the telecoms companies Vodafone and Three in the UK could lead to higher mobile bills for tens of millions mobile customers, the UK competition watchdog has warned.

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Vodafone merger ‘could leave 1m Three customers unable to find cheaper deals’

The Guardian: Mergers & Acquisitions

Unite union makes claim as it calls on CMA to block tie-up that would bring 27m customers under one provider Business live – latest updates A planned £15bn merger between Vodafone and Three UK, which is aimed at creating the UK’s largest mobile phone operator, could leave up to 1 million Three customers unable to choose a cheaper alternative operator, (..)

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