Britain’s competition watchdog approved the merger of Vodafone and Three, two U.K. telecom companies, on Thursday, subject to certain restrictions. TakeAway Points: The merger of the U.K. telecom companies Vodafone and Three was allowed by Britain’s antitrust watchdog on Thursday,

The UK's biggest ever telecoms deal has been given the green light after the CMA waved through the £16.5bn merger, but what does it mean for customers and their bills?

The merger of Vodafone’s U.K. arm with telecommunications company Three was conditionally approved, provided they agree to invest in 5G network access in the country.

The CMA cleared the way for the £16.5bn tie-up on condition both companies invest billions in the UK's 5G mobile network as well as cap prices on low-cost mobile plans.

Britain on Thursday approved Vodafone's $19 billion merger with Hutchison's Three UK to create the country's biggest mobile operator after their investment promises outweighed concerns about higher customer bills.

The Competition and Markets Authority said the deal will likely boost competition in the U.K. mobile sector, but would only proceed if both companies implement certain conditions.

The merger would see 27 million customers brought together under one roof - but will the service customers receive get better and will it affect their bills?

The UK competition regulator has approved the £16.5bn merger of Vodafone’s domestic business with CK Hutchison’s Three UK, which is expected to create Britain’s largest mobile operator. The Competition and Markets Authority on Thursday said the deal should be allowed to proceed if both companies sign binding commitments to invest billions to roll out a combined 5G network across the UK,

Vodafone Group Plc’s £15 billion ($19.1 billion) merger with Three won the UK’s antitrust watchdog’s approval, paving the way to create Britain’s largest telecommunications operator by revenue.

The merger of Vodafone and Three has been approved, creating the UK's biggest mobile network with 27 million customers. The £16.5bn deal can proceed if both companies agree to invest billions to boost the country's 5G network and also cap certain mobile tariffs and data for at least three years to protect customers from "short-term" price rises.