Vodafone to take full control of UK mobile operator in £4.3bn deal
Summary
Vodafone is buying the remaining 49% of the UK mobile operator VodafoneThree from CK Hutchison for £4.3 billion, gaining full control of the company. The deal follows a 2023 merger that combined Vodafone’s and Three UK’s networks, creating the largest mobile operator in the UK.Key Facts
- Vodafone will purchase CK Hutchison’s 49% stake in VodafoneThree for £4.3 billion in cash.
- VodafoneThree has over 27 million subscribers, making it the UK’s biggest mobile operator by customer numbers.
- CK Hutchison had a controlling stake in Three before merging with Vodafone’s UK network in 2023.
- The 2023 merger combined the third and fourth largest UK mobile operators into one company.
- The deal reduced the main mobile network providers in the UK from four to three.
- The UK competition authority approved the merger in December 2024 with legal conditions.
- The buyout requires regulatory approval, including reviews under the UK National Security and Investment Act.
- CK Hutchison is selling assets to improve shareholder returns and is considering other business changes.
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