Vodafone set for full ownership of VodafoneThree in $5.8bn deal
Yahoo Finance·2026-05-06 17:04
Vodafone Group has reached an agreement to take full control of VodafoneThree by acquiring CK Hutchison Group Telecom’s (CKHGT) 49% stake in the joint venture (JV). The £4.3bn ($5.84bn) transaction will occur through a cancellation of CKHGT’s shares and will be funded from Vodafone’s existing cash resources. The transaction is expected to be completed in H2 2026, following approval under the UK National Security and Investment Act. After completion, Vodafone will become the sole owner of the UK’s larges ...