CMA launches Vodafone-Three merger investigation

The UK's competition regulator has opened an in-depth investigation into Vodafone's proposed merger with rival mobile network Three over concerns the deal could lead to higher bills for consumers.

The Competition and Markets Authority (CMA) said it will assess whether combining two of the country's biggest telecom providers will negatively impact competition and choice in the market.

Concerns about the merger have been raised by Unite the Union. The union estimates that...

26 January 2024 | 5G

Drahi: If Altice corruption allegations are true, I feel ‘betrayed’

Patrick Drahi, the billionaire founder and controlling shareholder of Altice International, publicly addressed the corruption allegations that have recently surfaced involving the company's Portuguese operations.

Speaking during a Q2 2023 call for debt investors, Drahi expressed shock and disappointment over the allegations and stated that if proven true, he feels "betrayed and deceived."

The corruption probe, which came to light last month, centres around procurement...

8 August 2023 | 5G

Ericsson shareholders sue for millions over withheld report

A group of shareholders is taking legal action against Ericsson over its alleged failure to disclose vital information with regard to an internal investigation into its business practices in Iraq.

The shareholders are seeking damages of $175-$300 million over claims the failure resulted in significant financial losses for the shareholders. As of 4th August 2023, 37 claimants have filed their case against Ericsson and more are expected to follow.

The controversy began in...

7 August 2023 | 5G

Ericsson ‘corruption-related misconduct’ potentially funded terror

Ericsson has found evidence of “corruption-related misconduct” in its Iraq operations and cannot rule out that payments were made to terror groups, including ISIS.

The Swedish telecoms giant says that it launched an internal investigation in 2019 following unusual expense claims dating back to 2018. Ericsson says that its investigation covered the period 2011-2019 and included the conduct of its employees, vendors, and suppliers in Iraq.

In a media statement,...

17 February 2022 | Telecoms