Vodafone and Three in talks to create UK’s biggest mobile operator

Vodafone has confirmed it is in talks with CK Hutchison, owner of rival telecoms group Three, to combine their UK businesses and create the biggest mobile operator in the country. In a statement on Monday, Vodafone said it would own 51 per cent of the combined business and Hong Kong conglomerate CK Hutchison 49 per cent. Vodafone UK and Three UK are at present the third and fourth largest mobile operators in Britain. "As [regulator] Ofcom has identified, some operators in the UK - Vodafone UK and Three UK - lack the necessary scale to earn their cost of capital," the statement said. "By combining our businesses, Vodafone UK and Three UK will gain the necessary scale to be able to accelerate the rollout of full 5G in the UK and expand broadband connectivity to rural communities and small businesses."

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