The Strategist

Vodafone begins merger talks with Three UK



10/05/2022 - 04:13



On Monday, October 3, Vodafone Group revealed that it has started discussing a possible merger with Three UK, a nearby rival.



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The fourth-largest cellular provider in the United Kingdom is Three UK (9.3 million customers). CK Hutchison Holdings, a Hong Kong multinational, owns the business.

In the case of a merger, Vodafone would hold 51% of the new company's share capital, while CK Hutchinson would hold 49%. The newly formed corporation, according to analysts at Bloomberg, may be worth €16.5 billion.

In order to compete with the "big three" British mobile operators—O2, Vodafone, and EE—the Hong Kong group had long pondered selling Three UK, according to The Guardian.

Nick Read, the CEO of Vodafone, likewise stated at the start of the year that the company is actively seeking possible partners in important European areas.
A partnership with CK Hutchinson would enable Vodafone to compete with O2 and surpass EE in terms of audience coverage.

source: theguardian.com

 




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