Vodafone confirms merger talks with Three – Digital TV Europe

Vodafone has confirmed it is in talks with CK Hutchison over a merger of its business with UK mobile operator Three.

The British group said that the merger would aid in the acceleration of 5G roll-out to the country while expanding broadband connectivity.

The merged entity would be 51% owned by Vodafone, with Hutchison owning the remaining 49%. There would be no cash consideration paid, and the shares would be achieved through differential leverage contribution.

Source: Vodafone confirms merger talks with Three – Digital TV Europe

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