Vodafone buys full control of UK mobile joint venture VodafoneThree for £4.3bn

Vodafone Group has agreed to acquire the remaining 49% stake in its UK mobile joint venture VodafoneThree from Hong Kong's CK Hutchison for £4.3 billion, gaining full ownership less than a year after the venture's creation. The deal values VodafoneThree at £13.85 billion and will be funded using Vodafone's existing cash resources. Completion is expected in the second half of 2026, pending regulatory approval. Vodafone anticipates £700 million in annual savings by 2030 and plans to accelerate 5G investment and operational efficiencies with full control.