UK gives Vodafone and Three five working days for solutions to avoid in-depth merger probe

Vodafone announced plans to cut 11,000 jobs as part of a turnaround plan from the company’s newly-appointed CEO Margherita Della Valle. Paul Hanna | Bloomberg | Getty Images The U.K.’s Competition and Markets Authority on Friday said Vodafone’s proposed merger with rival CK Hutchison will face an in-depth probe, unless the two mobile operators provide … Read more

Britain’s Vodafone confirms sale of Italian arm to Swisscom for $8.7 billion

LONDON — British cellphone company Vodafone confirmed Friday that it is selling its Italian business to Switzerland’s Swisscom for 8 billion euros ($8.7 billion) and will hand back half of the proceeds to its shareholders through the buyback of company shares. Vodafone said the move, with talks first announced Feb. 28, represented an “attractive valuation” … Read more

Vodafone, Three to merge UK cell phone operations to capitalize on 5G rollout

LONDON — Two of the U.Okay.’s greatest cell phone operators agreed Wednesday to merge their companies to capitalize on the rollout of next-generation 5G wi-fi know-how within the nation. The tie-up of Vodafone U.Okay. and Three U.Okay., which is owned by Hong Kong’s CK Hutchison, would create Britain’s greatest cell phone participant, with a mixed … Read more

Vodafone and Three plan to merge within the UK in a $19B deal (if regulators approve)

The cellular market in Europe and the U.Ok. — as soon as orchestrated to be ripe floor for competitors — has been on a long-term course of consolidation, and the newest chapter in that story was made official immediately. Vodafone Group and Hutchison Group have introduced a plan to merge their U.Ok. carriers, respectively the … Read more

Vodafone, CK Hutchison agree UK cell enterprise merger

An indication outdoors a Vodafone Group Plc cell phone retailer in London, U.Ok. Jason Alden | Bloomberg | Getty Photos Vodafone and CK Hutchison, which owns the Three UK cell community, agreed to merge their U.Ok. companies, following talks which have been ongoing since final yr, the businesses stated Wednesday. Vodafone will personal 51% of … Read more