Asked by: Christian Wakeford (Labour - Bury South)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, if she will make an assessment of the adequacy of the investigation by the Competition and Markets Authority into the proposed merger between Vodafone and Three Mobile.
Answered by Kevin Hollinrake - Minister of State (Department for Business and Trade)
Merger investigations undertaken by the Competition and Markets Authority (CMA) are independent of Government. The CMA is directly accountable to Parliament.
Asked by: Christian Wakeford (Labour - Bury South)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, if she will make an assessment of the potential impact of the links between the Li family and the Chinese state on the proposed merger of Three Mobile with Vodafone.
Answered by Alan Mak - Minister of State (Department for Business and Trade) (jointly with the Cabinet Office)
The Government has the power to review mergers and acquisitions through the National Security and Investment Act to ensure the most sensitive sectors of our economy are protected. It would be inappropriate to comment on private individuals.
The Secretary of State in the Cabinet Office has issued a Final Order in respect of the proposed Vodafone Three merger, allowing the transaction to proceed subject to the introduction of proportionate measures to address national security concerns.