Vodafone Group and Three UK are in merger talks according to a recent report by Financial Times. Based on information provided by people familiar with the matter, the two telecom companies are looking to form a larger network in an effort to challenge the UK’s other two dominant players: EE and Virgin Media O2. Vodafone is the UK’s third largest mobile operator, with Three currently in fourth place.
The proposed merger has yet to be commented on neither by Vodafone nor by Three. Analysts suggest that neither company has the capital to directly buy the other, so a joint venture is the most likely outcome. It remains to be seen how and if the financial aspects will be worked out. The combined entity will accelerate the rollout of the UK’s 5G network in an effort to benefit consumers. The new report also mentions that a similar merger plan was discussed last year, although it ultimately failed.
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