From Nasdaq: 2024-09-16 09:13:00

The Competition and Markets Authority raises concerns about Vodafone’s merger with Three UK, potentially creating the largest U.K. mobile network. CMA fears the deal could increase mobile bills by 3-6% and harm customers and smaller network operators, but could also improve 5G technology deployment. Final decision expected in December.

Vodafone focuses on enhancing network efficiency through partnerships like Meta Platforms Inc. to optimize video delivery and free up network capacity. Despite CMA findings, VOD stock rose 1.4% post-public disclosure and gained 18.1% in six months. Arista Networks Inc. and AudioCodes Ltd. are Zacks Rank #2 picks in telecom for growth potential.

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Read more at Nasdaq: Will CMA Concerns About VOD’s Merger With Three UK Affect the Stock?