Vodafone confirms potential merger with rival Three UK ...Qatar

Gulf Times - News

Vodafone Group Plc said it’s in discussions with Three UK-owner CK Hutchison Holdings Ltd about combining their British mobile businesses, a long-speculated tie-up that comes after several other attempts to consolidate European telecommunications. Newbury, England-based Vodafone would hold 51% of the combined business and Hong Kong conglomerate CK Hutchison, 49%, Vodafone said in a statement yesterday, adding there’s no certainty a deal will be reached. CK Hutchison also confirmed the talks separately. The ownership stakes would be determined by relative allocations of debt, and there won’t be a cash consideration, the statement added. A potential deal between Vodafone and Three UK has been

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Last updated : 03 October 2022 clock 09:48 PM

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Vodafone confirms potential merger with rival Three UK ...Qatar

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