Vodafone in Talks With CK Hutchison Over Vodafone UK Combination With Three
October 03 2022 - 7:00AM
Dow Jones News
By Kyle Morris
Vodafone Group PLC said Monday that it is in discussions with CK
Hutchison Holdings Ltd. in relation to a possible combination of
Vodafone and Three in the U.K.
The U.K. telecommunications company said the potential deal
would combine the U.K. businesses, with Vodafone owning 51% and CK
Hutchison owning 49%.
By combining our businesses, Vodafone and Three will gain the
necessary scale to accelerate the rollout of full 5G in the U.K.,
Vodafone said, adding it will also expand broadband connectivity to
rural communities and small businesses.
There can be no certainty that any transaction between the two
companies will ultimately be agreed, it added.
Shares in Vodafone at 1022 GMT were up 2.62 pence, or 2.6%, at
103.74 pence.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
October 03, 2022 06:45 ET (10:45 GMT)
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