Vodafone and Three to Merge, Creating UK's Largest Mobile Network

1 min read
Source: CNBC
Vodafone and Three to Merge, Creating UK's Largest Mobile Network
Photo: CNBC
TL;DR Summary

Vodafone and CK Hutchison have agreed to merge their UK businesses, with Vodafone owning 51% of the combined business and CK Hutchison holding the minority stake. The new company will invest £11 billion in the UK over 10 years to create one of Europe's most advanced standalone 5G networks. The merger is expected to finalize before the end of 2024 and is subject to regulatory and shareholder approvals.

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