In a significant move towards establishing a European 5G powerhouse, mobile phone companies Vodafone and Three have announced they are merging, creating what could be the biggest phone network in the United Kingdom.
CK Hutchison Group, the owner of both companies, disclosed the agreement earlier today. With an ambitious plan to invest £11 billion over the next five years, the newly formed enterprise aims to develop a cutting-edge 5G network.
Margherita Della Valle, Vodafone group chief executive, commented on the deal assuring that it would benefit customers, competition, and the country as a whole. Della Valle stated that the merger would result in the creation of an unparalleled 5G network in Europe, promising customers an exceptional experience. She also highlighted the positive impact the merger would have on the UK, fostering a sustainable, highly competitive third operator while driving growth, employment, and innovation.
Vodafone’s merger with Three represents a pivotal moment in the domestic market, signifying confidence in the UK’s technology future.