UK carrier Vodafone confirms that it's in talks with Three UK about a possible merger

that a merger between UK carriers Vodafone and Three is still possible, but there was no word from either of the companies about such unification. Well, up until now, at least., as an answer to media speculations, Vodafone UK confirmed that it's indeed in talks with Three UK about a possible merger. According to the"envisaged transaction," Vodafone will have a 51% majority stake in the new business, and CK Hutchison — the owner of Three UK — will own 49% of the new company.

Vodafone also shares that, according to the UK government, both Vodafone and Three"lack the necessary scale to earn their cost of capital" in growing 5G across the UK. However, a merger between the two will fix this issue by unifying the two networks into one, enabling the new company to"expand broadband connectivity to rural communities and small businesses."

As we mentioned before, if Vodafone and Three really merge, the new entity will hold 30% of the mobile market in the UK and become a serious competitor to the two other big players: Virgin Media O2 and EE. A new player in town will probably reflect the deals that UK carriers currently offer, but again, the two companies are still in talks, and a merger may not happen. However, if you are looking for a new phone now, you can check out our best

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vodafone in talks for UK merger with Hutchison's ThreeVodafone is in talks with CK Hutchison about merging their businesses in Britain to create a market leading mobile network that could accelerate the roll-out of 5G services and expand broadband availability. Would that mean if your on Vodafone you would get 3’s signal too?
Source: Reuters - 🏆 2. / 97 Read more »

Vodafone’s UK merger plan has cost-of-living catchThe $32 bln telecoms group and Hong Kong’s CK Hutchison are in talks to merge their British operations. A deal could unlock cost savings, but shareholders so far seem unenthused. It may be harder for watchdogs to accept lower competition while customers reel from higher prices.
Source: Breakingviews - 🏆 470. / 51 Read more »