Vodafone revenue grows as merger with Three UK nears completion

Vodafone saw growing service revenue in the first half, as the telecoms giant said it hopes to wrap up its merger with mobile network Three by early 2025.

The Competition and Markets Authority is investigating the deal, which would create the largest mobile operator in the UK, but has indicated it is likely to get the green light.“We will continue to constructively engage with the CMA and remain confident that we can work with them to secure approval,” Vodafone said on Tuesday.

The company’s Irish revenue is included as part of its other European revenue. Its mobile contract customer base increased by 9,000, while its broadband customer base rose by 15,000. Its fixed wholesale network access partnerships, including the joint venture SIRO, now covers more than 1.4 million households in Ireland with fibre.

Matt Britzman, senior equity analyst at Hargreaves Lansdown, said the group “continues to face several challenges before it can hope to call this turnaround complete, from major portfolio actions to persistently weak performance in the key German market”.

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