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Evening Standard
Evening Standard
Technology
Henry Saker-Clark

Vodafone to buy CK Hutchison out of VodafoneThree venture for £4.3bn

Vodafone is to take full ownership of its VodafoneThree business in the UK (VodafoneThree/PA) - (PA Media)

Vodafone is to take full ownership of its VodafoneThree business in the UK after striking a £4.3 billion deal to buy out partner CK Hutchison.

The VodafoneThree business was formed last year after the merger of mobile operators Vodafone and Three in the UK, with Vodafone taking a 51% stake in the joint venture and Hong Kong-based Three owner CK Hutchison taking a 49% stake.

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