Three and Vodafone merger talks 'progressive and positive' - Three UK CFO

  • 📰 Reuters
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The chief financial officer of Hutchison's Three UK said talks with Vodafone about combining their networks in Britain were 'progressive and positive', although he declined to comment on the outcome.

"A merger of this size is complex, so there's a lot of moving parts and we just need to continue working through the list," Purkis said.

Complexities include the fact that Vodafone and Three are in separate network-sharing agreements, as well as untangling Vodafone UK's ties with its parent group.Purkis said Three was pleased overall with its progress in a challenging macroeconomic environment in 2022. The operator reported a 3% rise in revenue to 2.52 billion pounds , driven by a 6% increase in its active customer base to more than 10 million. Core earnings rose 3% to 612 million pounds.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Like Vodafone cos they respect the privacy policy of the customers The question, why they are withdrawing from some countries? 🌍

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines