Three UK and Vodafone UK have successfully merged to form VodafoneThree, with Vodafone owning a 51 percent interest in the new company.
Vodafone Group Plc and CK Hutchison Group Telecom Holdings Limited announced in a joint announcement on June 2, 2025, that VodafoneThree intends to invest 11 billion pounds over the next ten years.
Taking to the social media platform X, Vodafone Group informed, “We are pleased to announce the successful completion of the merger of @VodafoneUK and @ThreeUK.”
VodafoneThree aims to “deliver a vastly superior mobile experience for millions of customers and businesses up and down the country”.
Max Taylor, who is presently in charge of Vodafone UK, will be the CEO of Vodafone, which will completely integrate VodafoneThree into its financial results. Three UK's Darren Purkis has been named Chief Financial Officer.
The company intends to spend 1.3 billion pounds on capital expenditures, mostly to expand network rollout.
By the fifth year, the merged company is expected to produce 700 million pounds in cost and capital expenditure savings annually, and the deal is likely to boost Vodafone's adjusted free cash flow starting in FY29.
“We’ve cleared #Vodafone’s merger with #Three, subject to the companies agreeing to legally binding commitments, including to invest billions in rolling out a combined #5G network across the UK. This would ensure the merger boosts competition in UK mobile #telecoms,” Competition & Markets Authority informed on X.
The Competition & Markets Authority, the UK's main competition regulator, approved the merger on December 5, 2024, after it was initially reported in June 2023.
The deal, according to Vodafone Group CEO Margherita Della Valle, is to redefine Vodafone's footprint in Europe and enhance network connection in the UK.
“The merger will create a new force in UK mobile, transform the country’s digital infrastructure and propel the UK to the forefront of European connectivity," Valle says.
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Speaking on the merger, Canning Fok, Deputy Chairman of CK Hutchison and Executive Chairman of CKHGT, says "scale enables the significant investment needed to deliver the world-beating mobile networks our customers expect, and the Vodafone and Three merger provides that scale.