Vodafone gets UK JV buyout over the line
Vodafone Group completed the purchase of CK Hutchison’s 49% stake in UK joint venture VodafoneThree, less than 14 months after the formation of the operator from their respective mobile operations in the country.
In a brief statement on the completion of the £4.3 billion deal, Vodafone asserted having full ownership would allow it to “move at an even faster pace and capture the significant benefits” of its £11 billion network investment plan and “targeted synergies”.
Within the latter it aims to save £700 million across annual costs and capital expenditure by its FY30 (which runs to end-March 2030).
Vodafone CEO Margherita Della Valle added she expects the upgraded infrastructure to “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.”
The deal to buyout CK Hutchison was announced in May 2026.
Announcing completion of the sale, CK Hutchison deputy chair Canning Fok said the company was “proud of the role it has played in the history of [the] UK telecommunications industry”, pointing to the pioneering launch of 3G in the market under its 3 brand in 2003 and creation of the JV with Vodafone in 2025.
“This transaction realises our investment in VodafoneThree and returns value to the Group and our shareholders, while further strengthening our balance sheet and creating additional opportunities for the future,” Fok added.
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