--Vodafone Group PLC and Three UK have entered discussions to combine their U.K. operations, the Financial Times reports, citing unnamed sources.

--A combination would represent the latest attempt at U.K. mobile market consolidation as Vodafone faces pressure from activist investor Cevian Capital to simplify its business and improve returns, the FT says.

--A deal could attract the attention of competition authorities if it brought together the third- and fourth-largest mobile-network operators in the country, according to the FT.

 

Full story: https://on.ft.com/3wpfW4c

 

Write to Kyle Morris at kyle.morris@dowjones.com

 

(END) Dow Jones Newswires

May 12, 2022 08:22 ET (12:22 GMT)

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