- Vodafone-Tres Fusion is officially completed
- The new Vodafonethree network is one of the largest in the United Kingdom
- The company promises a great investment in the 5G networks of the United Kingdom
Telephone networks of the United Kingdom Vodafone and three have announced the successful completion of their mega fusion.
The measure, which sees that the number of mobile networks in the United Kingdom is reduced from four to three, combines two of the largest suppliers in the country, with the new Vodafonethree business that covers around 29 million commercial and consumption customers in the United Kingdom.
“The merger will create a new force on the United Kingdom mobile devices, it will transform the country’s digital infrastructure and drive the United Kingdom to the avant -garde of European connectivity,” said Margherita della Valle, executive director of the Vodafone group. “Now we are eager to start our construction of networks and quickly contribute to customers greater coverage and a higher network quality. The complete transaction of Vodafone’s remodeling in Europe, and after this transition period we are now well positioned for growth ahead.”
Vodafonethree is here
Almost 1000 days after the agreement was announced for the first time, the new combined entity says that it will now seek to invest a lot to increase the mobile coverage of the United Kingdom and the infrastructure.
This includes £ 11 billion in expenses in the next 10 years (including £ 1.3 billion during this first year) to create what the company states that it will be, “one of the most advanced 5G networks in Europe”, with a 5G independent network investment that seeks “, boost the mobile infrastructure of the United Kingdom in front of European connectivity.”
Vodafonethree will be directed by Max Taylor, who was CEO of Vodafone Uk, with three Darren Purkis of the United Kingdom is appointed Financial Director. It is not believed that no work will be lost in the fusion.
The new company will be owned by 51% of Vodafone and 49% of CKHGT, three UK parent company through its CK Hutchison arm.
“As we have demonstrated in other European markets, the scale allows the important investment necessary to deliver the mobile networks that rule the world our clients expect, and the Vodafone and Three Merger provide that scale,” said Canning Fok, vice president of CK Hutchison and executive president of CKHGT.
Price changes or other alterations to price strategies at the moment were not mentioned, but in addition to cosmetic changes, it seems that customers may have little to worry.
This despite the initial warnings of the United Kingdom competition and market authority, which previously warned that the merger could “lead to price increases for tens of millions of mobile customers, or see customers obtain a small service, such as smaller data packages in their contracts.”
The CMA had also highlighted the possible effects in MVNO such as Lyca Mobile, Sky Mobile and Lebara used by existing network operators, which makes MVNO “ensure competitive terms.”
However, in December 2024, the CMA gave its approval to the agreement, saying that it was satisfied with a commitment to the investment and expenditure of Vodafonethree would avoid any of these potential concerns.
