Vodafone Takes Full Control of VodafoneThree to Fast-Track £11 Billion Network Investment
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Vodafone Group Plc (“Vodafone”) announces that it has completed the buyout of CK Hutchison Group Telecom Holding Limited’s (“CKHGT”) 49% stake in VodafoneThree (the “Transaction”), for £4.3 billion (€4.9 billion). As a result, Vodafone now owns 100% of VodafoneThree, the UK’s largest mobile operator and one of the fastest growing broadband providers.
The Transaction has been fully funded from existing Vodafone Group cash resources.
Full ownership of VodafoneThree will enable us to move at an even faster pace and capture the significant benefits created through our £11 billion network investment plan and targeted synergies, including £700 million of annual cost and capital expenditure synergies by FY30.
“With full ownership and control, we’ll have the ability to move faster in the next phase of building one of Europe’s leading networks. This best-in-class infrastructure will deliver better connectivity for our customers up and down the country, help drive the UK’s digital economy, and deliver long-term value for our shareholders.”
– Margherita Della Valle, Chief Executive, Vodafone Group
On 8 October 2026, Vodafone will be hosting a VodafoneThree Investor Briefing. The briefing will outline VodafoneThree’s strategy, growth ambitions and the significant value creation we expect to deliver over the coming years, as we focus on building the UK’s best network.
