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Evening Standard
Evening Standard
Holly Williams

VodafoneThree accelerates cost cutting to reach £1bn by 2032

VodafoneThree plans to ramp up cost cutting in the UK to £1 billion by 2032 (PA) - (PA Media)

Mobile phone giant VodafoneThree has revealed plans to ramp up cost cutting in the UK to £1 billion by 2032 as it continues to make savings after last year’s mega merger.

Vodafone’s UK business, which became VodafoneThree after merging with Three UK in 2025 to create a firm valued at nearly £14 billion including debts, has earmarked another £300 million of annual cost cuts on top of the original £700 million-a-year target.

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