Vodafone and CK Hutchinson Set to Announce Merger in the UK

Vodafone and CK Hutchinson Set to Announce Merger in the UK

The valuation of the new company is estimated to be around $18.6 billion, including debt.

The Vodafone/CK Hutchinson merger has been a topic of discussion for some time and has already had significant implications in the market. Some argue that the former CEO of Vodafone, Nick Read, stepped down due to the inability to consolidate the UK market, which was one of his primary goals. Shareholders expressed their frustration, leading to a change in leadership.