Wedoany.com Report-Jun 3, On May 31, 2025, Vodafone Group and CK Hutchison Group finalized the merger of Vodafone UK and Three UK, forming VodafoneThree. Vodafone holds a 51% stake, while CK Hutchison Group owns 49%. Vodafone will fully consolidate VodafoneThree in its financial statements. Max Taylor, current Vodafone UK CEO, leads the combined entity as Chief Executive Officer, with Three UK’s Darren Purkis appointed as Chief Financial Officer.

VodafoneThree plans to invest £11 billion over the next decade to build one of Europe’s most advanced 5G networks, enhancing mobile connectivity for millions of customers and businesses across the UK. In its first year, the company will allocate £1.3 billion for capital expenditure to accelerate network deployment. The merger is expected to achieve annual cost and capital expenditure synergies of £700 million by the fifth year and contribute positively to Vodafone’s adjusted free cash flow from the 2029 fiscal year onward.

The integration of Vodafone’s accounting policies is in progress, with pro forma financials to be released later. Max Taylor has appointed a new leadership team to guide VodafoneThree’s operations and strategic goals.

Margherita Della Valle, Chief Executive of Vodafone Group, stated: “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. We are now eager to kick off our network build and rapidly bring customers greater coverage and superior network quality.”

The merger marks a significant step in reshaping Vodafone’s operations in Europe, positioning the company for future growth. VodafoneThree aims to deliver improved network performance and expanded coverage, supporting the UK’s digital infrastructure development.