Wales Office: Vodafone Group

Wales Office written question – answered at on 20 June 2023.

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Photo of Apsana Begum Apsana Begum Labour, Poplar and Limehouse

To ask the Secretary of State for Wales, what assessment he has made of the potential effect of the merger between Three and Vodafone on her Department's contracts with Vodafone.

Photo of James Davies James Davies The Parliamentary Under-Secretary of State for Wales

As an open economy, this Government welcomes and encourages investment where it supports the Prime Minister’s goal of boosting UK growth and jobs, meets our stringent legal and regulatory requirements, and does not compromise our national security. The Government has robust powers under the National Security & Investment Act, which it introduced, to block or impose remedies on transactions that pose a national security risk.

As you will appreciate, we cannot comment on specific acquisitions nor the applicability of the National Security and Investment regime.

It is the responsibility of the Competition and Markets Authority (CMA) to assess the impact on consumers and competition in the market, with input from sectoral regulators.

The Investment Security Unit works closely with the Competition and Markets Authority on cases that are being considered for both national security and competition reasons. A memorandum of understanding has been agreed between the Investment Security Unit and the CMA to assist joint working. https://www.gov.uk/government/publications/operation-of-the-national-security-and-investment-act-2021-memorandum-of-understanding/mou-between-beis-and-the-cma-on-the-operation-of-the-national-security-and-investment-act-2021.

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