Vodafone Chief says the keeper of the competition in the UK competition in the UK in front of the EU
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Vodafone Executive Director Margherita della Valle said that the British supervisor was in front of rival regulators in Europe after winning an approval of a merger of £ 16.5 billion with three UK in December.
Della Valle said at a recent meeting, EU Commissioners of EU Teresa Riber that the block should follow the example of the UK compared to the policy of Antitrustova, she said in a call for earnings on Tuesday. “The UK now gives a clearer example of how to modernize access to the Telco world,” she said.
Her praise will be welcomed by the support of the support of the British jurisdiction and the market, which faced criticism by Sir Keir Starmer for alleged growth. Ministers forced CMA Chairman Marcus Bokkerink last month, while the Government invited all British regulators to do more to support investment.
Vodafone’s Valle said that CMA “made it clear that investing in our sector launches competition, which is why it is good for customers.”
The regulator approved the £ 16.5 billion pounds of combining business of Vodafone UK with three UK CK Hutchison to create the largest British mobile operator with a 29 million customers late last year. The merger is expected to formally end up during the first half of 2025.
CMA provided companies’ obligations to invest billions to install a combined 5 g network UK as well as contracts for restricting the prices of some mobile tariffs and data plans.
However, CMA stopped forcing Vodafone Sell any part of the job. Companies demands to subtract during merger interfered with previous attempts to consolidate European telecommunications.
“All focus has moved to our network plan, building one of Europe’s best 5G networks,” Valle said. “We look forward to bringing this example of this conclusion to European markets. The European Commission is considering how to change the guidelines to connect for our industry. “
She added that the EU should “expand the horizon” of their own assessment to allow them to be connected to merge. “Guidelines in Europe speak of an assessment of these mergers in 18 months to a three -year time frame. We are in the technological industry. We should look at it at a wider time horizon, as CMA did. “
She also applauded the work of thecoma, a British telecommunications regulator, saying that in 15 markets it operates, “Ofcom is certainly one of the best, if not the most advanced, regulator this industry has, because they are at the forefront of understanding the evolution of technology. “
She added that the UK “starts from a very strong position”.
Valle spoke after the group reported on stronger sales growth than expected at the end of last year in a three -month update, enhanced by his performance in the UK, Turkey, South Africa and Egypt. However, more than 7 percent of the shares at the company on Tuesday due to the fall in revenue in Germany, one of its key markets.
