Well there you have it. Three parent company CK Hutchison has today announced it will freeze pricing for both companies for five years following the merger.
Chairman of CK Hutchison, Canning Fok, announced in a letter that it intends to deliver on three clear and simple promises that will benefit its customers against the new “Leviathan” it calls BT and the “old top-of-the-heap predator” Vodafone.
In its promises, the company has said that it “will NOT raise the price for consumers of a voice minute, a text or a megabyte in the 5 years following the merger”, which it will know doubt fund through efficiencies made by combining the two businesses.
Mr Fok also states that it will invest £5 billion into the two businesses which it claims would be 20% more than if the two weren’t to combine. Good news again as it will no doubt allow improved coverage throughout the UK as customers from both Three and O2 will have access to faster speeds and improved call and text coverage, but could be interesting how this works in already congested areas such as London, Birmingham, Manchester and Glasgow.
Finally, if the new and improved Three and O2 is not your cuppa tea then you would be able to take up an offering from a virtual network that would run on the network – ultimately still filling the pockets of Hutchison but with offers and customer services provided by third party, such as iD mobile does today. Good for competition right?
So with Three slowly eating up networks across Europe and beyond, the UK consumer champion for mobile could be about to #makeitright on a device near you whether you like it or not. Lets see if a U-turn in the promises happens like its reasons to choose Three and its dropping of the One Plan.
