Vodafone, Three UK in Talks Regarding Combination, Financial Times Reports
May 12 2022 - 8:37AM
Dow Jones News
--Vodafone Group PLC and Three UK have entered discussions to
combine their U.K. operations, the Financial Times reports, citing
unnamed sources.
--A combination would represent the latest attempt at U.K.
mobile market consolidation as Vodafone faces pressure from
activist investor Cevian Capital to simplify its business and
improve returns, the FT says.
--A deal could attract the attention of competition authorities
if it brought together the third- and fourth-largest mobile-network
operators in the country, according to the FT.
Full story: https://on.ft.com/3wpfW4c
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
May 12, 2022 08:22 ET (12:22 GMT)
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