News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
UK Govt Clears National Security Concerns Over Merger of Three UK & Vodafone's British Biz
The UK government has cleared national security concerns over the merger of Vodafone's UK business with Three UK, the British telecoms business of CKH HOLDINGS (00001.HK), and ...
Reset
Send
The window will close in 5 seconds
UK Govt Clears National Security Concerns Over Merger of Three UK & Vodafone's British Biz
Close
Recommend
10
Positive
31
Negative
8
 
SHORT SELL
 
STOCK INFO

The UK government has cleared national security concerns over the merger of Vodafone's UK business with Three UK, the British telecoms business of CKH HOLDINGS (00001.HK)  -0.500 (-1.339%)    Short selling $21.62M; Ratio 7.397%   , and has directed that the merger be subject to a new set of requirements.

The Cabinet Office, which is conducting the investigation, said the new company would need to set up a special committee to oversee any issues of national security sensitivity in Britain.

The merged company will also be required to set up a technical group within the committee to oversee network, physical and personnel security. A government-approved independent auditor will review the network migration.

The proposed merger is still subject to scrutiny by the UK's Competition and Markets Authority (CMA), which is concerned that the deal, which would make Vodafone and Three the largest operators in Britain, may lead to higher prices and less choice for consumers.


(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-14 16:25.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.