Get the latest financial, economic and market news, instantly.
Subscribe
My Readse-paperNewslettersIFSC Code Finder NewWeb StoriesMintGenieFor You
Switch to the app Download App
e-paper
Home / Industry / Telecom /  Vodafone in talks with CK Hutchison over Vodafone UK combination with Three

Vodafone in talks with CK Hutchison over Vodafone UK combination with Three

REUTERS

  • The U.K. telecommunications company said the potential deal would combine the U.K. businesses, with Vodafone owning 51% and CK Hutchison owning 49%

Vodafone Group PLC said Monday that it is in discussions with CK Hutchison Holdings Ltd. in relation to a possible combination of Vodafone and Three in the U.K.

Vodafone Group PLC said Monday that it is in discussions with CK Hutchison Holdings Ltd. in relation to a possible combination of Vodafone and Three in the U.K.

The U.K. telecommunications company said the potential deal would combine the U.K. businesses, with Vodafone owning 51% and CK Hutchison owning 49%.

Hi! You're reading a premium article

The U.K. telecommunications company said the potential deal would combine the U.K. businesses, with Vodafone owning 51% and CK Hutchison owning 49%.

By combining our businesses, Vodafone and Three will gain the necessary scale to accelerate the rollout of full 5G in the U.K., Vodafone said, adding it will also expand broadband connectivity to rural communities and small businesses.

There can be no certainty that any transaction between the two companies will ultimately be agreed, it added.

Shares in Vodafone at 1022 GMT were up 2.62 pence, or 2.6%, at 103.74 pence.

MINT PREMIUMSee All

This story has been published from a wire agency feed without modifications to the text

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.