Vodafone, Three UK accelerate talks for merger of British operations - Sky News

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LONDON : Vodafone and CK Hutchison, the owner of Three UK, have accelerated talks about a deal to combine their British operations, Sky News reported on Monday.The two parties are hopeful of striking a deal by the end of the year to establish a joint venture or another form of combination, the report said

LONDON : Vodafone and CK Hutchison, the owner of Three UK, have accelerated talks about a deal to combine their British operations, Sky News reported on Monday.

A deal would create a market-leading business with some 27 million customer connections - making it larger than Virgin Media O2 and BT Group's EE, Sky added.Shares in Vodafone jumped after the report and were up 2 per cent at 103.16 pence by 0950 GMT, compared with a 0.8 per cent fall in the FTSE 100.

 

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