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Vodafone has said it will beef up security as Three’s £15bn merger gets the go-ahead


Merger: Vodafone’s £15bn merger with Three UK has been given the green light

Vodafone has been told to set up a national security committee to «oversee sensitive work» following its merger with Three UK.

The £15 billion deal was backed by ministers after a review under national security laws.

The review was prompted by concerns about Three’s links to China, as it is owned by Hong Kong group CK Hutchison.

Deputy Prime Minister Oliver Dowden said the firms must set up a special committee to inform the government about sensitive work.

The business will be 51 per cent owned by Vodafone and 49 per cent by CK Hutchison, which said it was «delighted» by the green light.

However, the merger still needs approval from competition regulators.

Last month, the Competition and Markets Authority launched an investigation into the merger following a formal investigation in January.

There are concerns that the merger could lead to higher prices for all UK customers.

If the merger goes through, the combined group will have more than 27 million subscribers.

Both firms say the deal would generate an additional £11bn of investment in the UK.

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Read more at DailyMail.co.uk


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