The Competition and Markets Authority (CMA) has effectively given Vodafone and Three the green light to merge in the UK. The approval rests on certain commitments to invest in infrastructure, among other remedies. The proposed capex spending is not as promising as the headline £11 billion figure suggests, and despite this, the European Union (EU) will be keen to emulate the deal, as a blueprint for regulatory management of M&A on the continent. The interesting part of the deal was the decision by the CMA to approve the deal based on commitments to £11 billion spending in infrastructure investments. Competition bodies are usually skeptical of these types of deals because they can be so hard to police. However, to look more closely at the juicy £11 billion…