This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Vodafone & Three’s $19bn Merger Approved by UK
December 6, 2024
Vodafone UK and Three UK’s $19bn merger was approved by Britain’s Competition and Markets Authority (CMA) yesterday, creating the nation’s largest mobile operator. The CMA cleared the deal, accepting behavioral remedies rather than imposing structural remedies. This move aligns with the government’s push for growth-focused regulation, as expressed by Prime Minister Keir Starmer. The approval comes 18 months after the CMA scrapped Microsoft’s $69bn Activision Blizzard deal over concerns about competition in the nascent cloud gaming market. The change in CMA’s stance, reflects a more pragmatic and growth-oriented regulatory outlook. However, the deal will require ongoing checks from telecoms regulator Ofcom to ensure compliance with the agreed terms.
Vodafone’s bonds traded positive with its 4.375% 2028s at 100.3, yielding 4.26%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.