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Vodafone to fully acquire UK joint venture for £4.3bn, boosting cost savings but pausing share buybacks.

Market News
06 May 2026
Proactive Investors
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Bullish
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Vodafone Group PLC has agreed to buy CK Hutchison’s 49% stake in their UK joint venture, VodafoneThree, for £4.3 billion, valuing the business at £13.85 billion including debt. Analysts view the deal as attractive and ahead of schedule, expecting over £700 million in annual cost synergies by the end of the decade. However, Citi notes this move may pause Vodafone's planned €1 billion share buybacks in 2026/27. The acquisition accelerates Vodafone's strategy by giving it full control and exposure to cost savings in the UK market.

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