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Bloomberg Talks

Vodafone CEO Margherita Della Valle Talks £15 Billion Mega Merger

Dec 5, 2024
Margherita Della Valle, CEO of Vodafone Group, shares insights on the company's groundbreaking £15 billion merger with Three, which is set to reshape the UK telecom landscape. She discusses the strategic focus on enhancing digital infrastructure with an £11 billion investment. Della Valle emphasizes job creation over cost-cutting and forecasts a boost in employment opportunities. Additionally, she tackles potential impacts on pricing and market competition, while addressing national security concerns tied to the merger.
08:42

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Quick takeaways

  • Vodafone's £15 billion merger with Three aims to enhance UK telecom infrastructure, benefiting 99% of the population through significant investments.
  • The merger is anticipated to stimulate competition in the market, ultimately leading to improved services for consumers despite concerns over future pricing.

Deep dives

Meta's Open Source AI Initiative

Meta has launched an open-source AI initiative that allows various groups, including small businesses and researchers, to access and utilize its AI models for free. This initiative is aimed at democratizing AI technology, enabling more people to innovate and develop applications without the barrier of cost. By making AI accessible to a wider audience, Meta believes that the overall benefits will be significant, leading to enhanced collaboration, creativity, and technological advancement across different sectors. This approach not only fosters innovation but also encourages a competitive landscape that could drive improvements in AI capabilities overall.

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