Vodafone and Virgin Media O2 have struck a new network agreement as the companies look to reassure regulators of competition concerns in the telecoms sector. The companies announced on Wednesday that they had agreed to “extend and enhance” their existing agreement, which has been in place for more than a decade. Subject to the completion of a proposed mega-merger between Vodafone and Three’s UK units, the deal would see Virgin Media O2 purchase spectrum from the combined business – which the firms said would create “three high-quality, scaled wholesale competitors, further supporting an already thriving mobile virtual network operator segment in the UK”. The companies said the bulk of the deal is not subject to the merger going through. The competition regulator is currently investigating a potential tie-up between Vodafone and Three over concerns it would likely lead to higher prices for customers, poorer network quality, and fewer incentives to invest. Continue reading 👇 cityam.com/vodafone-vows-to-…