From Dealroom · · 40s
Vodafone Takes Full Control of Three UK
Vodafone buys partner's 49% stake in UK mobile network for £4.3bn.
In brief
Vodafone buys partner's 49% stake in UK mobile network for £4.3bn. Vodafone completes full ownership of Three UK after buying out partner's stake for £4.3bn. Originally reported by Dealroom.
Quick answers
- What's the deal?
- Vodafone has taken full ownership of its merged UK business by buying out partner CK Hutchison's 49% stake for £4.3bn.
- Why now?
- Vodafone is reshaping into a smaller, more focused operation after years of fighting on too many fronts under a heavy debt load.
- What's the endgame?
- Vodafone pledged £11bn for the combined network and targets £700m in annual cost and capital-expenditure synergies by FY30.
- What is the key takeaway from Vodafone Takes Full Control of Three UK?
- Vodafone completes full ownership of Three UK after buying out partner's stake for £4.3bn.
What's the deal?
Vodafone has taken full ownership of its merged UK business by buying out partner CK Hutchison's 49% stake for £4.3bn.
Why now?
Vodafone is reshaping into a smaller, more focused operation after years of fighting on too many fronts under a heavy debt load.
What's the endgame?
Vodafone pledged £11bn for the combined network and targets £700m in annual cost and capital-expenditure synergies by FY30.
The one thing
Vodafone completes full ownership of Three UK after buying out partner's stake for £4.3bn.
