Vodafone and Three announce UK mega-merger

Vodafone and Three have officially announced plans to merge in a move that is set to hugely shake up the UK mobile market.In a statement, Vodafone and CK Hutchinson, the owner of Three UK, confirmed a deal that should see the formation of a new £15bn-valued telco giant and, ‘create one of Europe’s leading 5G networks.’Vodafone is set to be the slight majority owner of the new combined group, known for now as MergeCo, controlling 51%, with CK Hutchinson

Read more