1032 GMT - Three and Vodafone's U.K. merger clearance would be positive for the U.K if mobile coverage were to improve, ING analyst Jan Frederik Slijkerman writes in a note. The U.K. competition authority CMA said that the merger could be approved if the companies implement appropriate remedies, which include a commitment to a network upgrade, among others. The merger is likely to get cleared under conditions, the analyst says. Additionally, clearance is expected to improve cash flows after investments for both the companies, as the business case in the U.K. was challenged without the merger, Slijkerman adds. Vodafone shares are up 1.4% at 73.20 pence. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
November 05, 2024 05:33 ET (10:33 GMT)
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