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Vodafone and Three merger: What the huge deal actually means for you
Vodafone and Three merger: What the huge deal actually means for you
A new deal will bring the “biggest shake-up in the UK mobile market for over a decade” – and could have significant consequences for anyone who uses a phone in the country. Vodafone and Three will merge as part of a deal that will see the two companies merge to make one of Europe’s biggest mobile operators. That will leave customers of those companies – and other operators in the UK – with a network operator significantly different from the one before the merger happened. But will it benefit those customers, or harm them? Here’s everything you need to know about how the possible deal might shakeup the mobile market. What is happening? Vodafone and Three – both relatively small phone networks in the UK – will merge together, with Vodafone owning 51 per cent of the combined business. It’s not clear yet what the new company will be called. It’s also not actually clear whether the deal will actually go through. Regulators still have to approve it, which is not guaranteed. It will affect the companies themselves, which will be re-organised around the new merger, as well as employees who may now fear job cuts. But it will also affect customers and the rest of the country. The deal is expected to be completed before the end of 2024, the companies said. “This long-awaited mega merger represents the biggest shake-up in the UK mobile market for over a decade,” said Kester Mann, director of consumer and connectivity at CCS Insight. What does it mean for customers? The companies are looking to position the deal as great for its customers. It says that it will immediately lead to a “better network experience with greater coverage and reliability at no extra cost, including through certain flexible, contract-free offers with no annual price increases, and social tariffs”. Over the long term, it is not clear how the company intends to bring those customers together. When EE and T-Mobile merged into EE, for instance, the two customer groups initially stayed separate and then gradually became integrated. What does it mean for people who aren’t Three or Vodafone customers? Those behind the merger argue that it will help everyone else, too. Margherita Della Valle, Vodafone’s chief executive, said that it was “great for customers, great for the country and great for competition”. The “country” part of the statement is intended to point to the £11 billion investment that the newly merged company has promised for the UK, which it says will help “create one of Europe’s most advanced standalone 5G networks”. That new network will help provide billions in economic benefit, it argues. And the “competition” part comes from the argument that the mobile market will become more competitive, with another large operator in it. In theory, that could lead to better prices and deals for everyone – though there is of course no guarantee of that. Will prices go up for existing or new customers? It’s difficult to know this far out. Bigger companies have more power, which they can use to try and drive prices higher – but they also have more scale, which they can potentially use to be more efficient and reduce prices. Both companies have recently increased their prices significantly, even above inflation, which might be a clue to how they intend to behave in the future. But they may argue that the deal would allow them to avoid similar rises in the future. This will be the question that regulators grapple with as they probe whether the deal should go ahead. If they cannot be convinced that the merger will lead to better conditions for customers, then they will look to stop it. Will the deal go ahead? There is still a good chance that regulators will stop the deal from going ahead. They did the same when Three attempted to take over O2 in 2016, citing the risk that the deal would lead to higher prices. “This will be a hard sale given that both companies have been outperforming the market for the last year or so,” said Paolo Pescatore, from PP Foresight. “Let’s see if the authorities have a change of heart. Both parties need to demonstrate that this is genuinely in the interest of UK plc, the economy, and consumers for it to have a chance of getting over the line.” Read More Battery breakthrough ‘offers 1,500 kilometre range from just 10 minutes of charging’ EU makes major statement on the future of Google Reddit’s blackout protest is set to continue indefinitely Battery breakthrough ‘offers 1,500 kilometre range from just 10 minutes of charging’ EU makes major statement on the future of Google Reddit’s blackout protest is set to continue indefinitely
2023-06-14 21:48
India, Pakistan evacuate over 180,000 people as cyclone approaches
India, Pakistan evacuate over 180,000 people as cyclone approaches
By Francis Mascarenhas, Sumit Khanna and Gibran Naiyyar Peshimam MANDVI, India/KARACHI Wind speeds and rainfall picked up on
2023-06-15 22:27
China Arrests ChatGPT User Who Faked Deadly Train Crash Story
China Arrests ChatGPT User Who Faked Deadly Train Crash Story
Chinese authorities have detained a man for using ChatGPT to write fake news articles, in what appears to
2023-05-09 17:57
Alberta Urges Trudeau to Include Oil in Indigenous Loan Program
Alberta Urges Trudeau to Include Oil in Indigenous Loan Program
As Canada’s major oil and gas producing province of Alberta expands its program to help Indigenous communities buy
2023-11-01 03:22
Apple iPad Mini Now $100 Off
Apple iPad Mini Now $100 Off
Good things come in small packages, like Apple's sixth-generation iPad mini, which is now $100
2023-05-31 03:17
ADDING MULTIMEDIA Web3 Foundation Initiates Global Roundtable Discussions with Policy-makers, Starting in Japan
ADDING MULTIMEDIA Web3 Foundation Initiates Global Roundtable Discussions with Policy-makers, Starting in Japan
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2023-07-28 22:21
Study finds that divorced diabetic men have higher risk of amputation
Study finds that divorced diabetic men have higher risk of amputation
Divorced men with diabetes are at the highest risk of having some or all of their feet and legs amputated because of it, research has found. According to a study of almost 67,000 people with diabetes in Sweden, people with the condition who are divorced are 67 per cent more likely to have to undergo a lower limb amputation than those who are married. Meanwhile men are at 57 per cent greater risk than women. On average, 184 people a week in England have some part of a lower limb removed surgically to stop infection spreading and killing them. Lasantha Wijesinghe, a consultant vascular surgeon in England who performs lower limb amputations, said they were usually necessary because the person’s life was at risk because of sepsis. The authors of the study, which has not been peer-reviewed yet, said they could not be sure why divorcees of both sexes ran such a greater risk than married people, but speculated that this “may be due to a change in self-care and food habits observed in people when they divorce and are more likely to be living alone”. “Specifically with men, this is often related to more social isolation, with a secondary effect of low physical activity,” they added. Older people are also at higher risk of an amputation and patients who are on insulin treatment, have a pre-existing foot condition such as neuropathy or who smoke are also at higher risk. The study also concluded that obese people have a lower risk than those with a standard weight. The authors could not explain this finding but suggested it could be down to chance. Dr Faye Riley, the research communications manager at Diabetes UK, said: “This study identifies a range of factors that may be linked with a higher risk of amputation among people with diabetes, and raises interesting questions about how social support can influence our health behaviours and outcomes. By pinpointing which people with diabetes are most at risk, support can be targeted where it’s most needed.” Sign up to our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-08-18 18:45
Spare Your Eyes: How to Enable Dark Mode on Your iPhone and iPad
Spare Your Eyes: How to Enable Dark Mode on Your iPhone and iPad
Staring at a bright screen in a dark room is terrible for your eyes, so
2023-06-19 18:48
GameStop slumps after it fires former Amazon executive brought into modernize the gaming retailer
GameStop slumps after it fires former Amazon executive brought into modernize the gaming retailer
Shares of GameStop are plunging before the opening bell after the company fired CEO Matthew Furlong, the former Amazon executive that was brought in two years ago to turn the struggling video game retailer around
2023-06-08 19:46
FIFA 23 Shapeshifters Upside-Down Player Objective: How to Get Gift Links
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FIFA 23 Shapeshifters Upside-Down Player objective for Gift Links is now live and it's one of the best pieces of content ever. Here's how to complete the objective set.
2023-06-22 01:56
Inside the SEC’s Allegations Against Binance and CZ
Inside the SEC’s Allegations Against Binance and CZ
For any trading venue, volume is the coin of the realm. But over at Binance.US, the American exchange
2023-06-06 03:54
Zuckerberg Says ‘Time to Move On’ From Musk Cage Fight Challenge
Zuckerberg Says ‘Time to Move On’ From Musk Cage Fight Challenge
Mark Zuckerberg, CEO of Meta Platforms Inc., said it’s “time to move on” from speculation that there will
2023-08-14 08:16