Vodafone and CK Hutchinson Set to Announce Merger in the UK

Vodafone and CK Hutchinson Set to Announce Merger in the UK

Vodafone and CK Hutchinson, the owner of Three, are reportedly on the verge of announcing a merger in the UK, as stated in a report by Reuters. The news agency suggests that the deal could be revealed either on Friday or early next week.

According to the report, the merger will align with previous reports from October last year, indicating that Vodafone will hold the majority stake in the combined group (51%), while Hutchinson will retain the remaining 49%.