Clifford Chance

Vodafone/Three merger approved with behavioural Commitments

21 March 2025

On 5 December 2024, the UK CMA approved the merger of Vodafone and Three subject to behavioural commitments. This is a departure from the CMA’s longstanding preference for structural remedies and signals a willingness to show flexibility to support investment and innovation. This article considers key elements of the CMA's decision and explores its potential implications.

 

 

This article was first published by Thomson Reuters, trading as Sweet & Maxwell, 5 Canada Square, Canary Wharf, London, E14 5AQ, in the European Competition Law Review as "Vodafone/Three merger approved with behavioural commitments" in (2025) 46 E.C.L.R., Issue 3, pages N60-N63, and is reproduced by agreement with the publishers.

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