Vodafone and Three owner CK Hutchison have agreed to merge their UK operations in a deal that will create Britain’s biggest mobile phone player worth a reported £15 billion.
The merged firm will be majority owned by FTSE 100 listed Vodafone, with 51% of the combined business and CK Hutchison owning the remaining 49%.
The groups said the tie-up will help them compete with their rivals in the roll-out of 5G, with the new company set to reach more than 99% of the UK population with their 5G standalone network.
