- Vodafone buys CK Hutchison out of VodafoneThree
- It will pay £4.3 billion (€4.9 billion) via a cancellation of shares
- The VodafoneThree merger is now a year old and has already increased coverage for users across the UK
Vodafone has announced that it has entered into an agreement to acquire CK Hutchison from its VodafoneThree UK joint venture.
The company will pay 4.3 billion pounds (4.9 billion euros) via a cancellation of shares for full control of VodafoneThree a year after the announcement of the merger between two of the country’s biggest mobile phone networks.
In that time Vodafone says significant progress has been made in integrating the two teams, leaving it in a strong position to take sole control of the organisation.
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Vodafone control
In a press release, Vodafone outlined how, since the merger was confirmed in June 2025, the company has moved rapidly to increase network coverage and reliability for users across the UK.
The move will lead to an estimated £700m in annual costs and investment synergies within FY30, with greater synergy across the company’s stores and overall strategy.
“One year after the merger, the team has made remarkable progress as we maximize the full potential of VodafoneThree and capture the significant synergies,” said Margherita Della Valle, CEO of Vodafone Group.
I am delighted that we will now have full ownership of VodafoneThree as we roll out one of Europe’s most advanced 5G networks, deliver the UK’s best customer experience and create long-term value for our shareholders.”
Vodafone’s decision to take full ownership of VodafoneThree is a clear vote of confidence in our business and the rapid start we have made to create one integrated team and deliver early benefits for our customers,” added Max Taylor, CEO of VodafoneThree.
“We remain focused on our plan and multi-brand strategy and committed to our mission to build the UK’s best network, bringing connectivity to every community in every corner of the country.”
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