VOD receives approval for merger with Three UK. The merger, expected to be completed in the first half of 2025, will drive 5G investments across the U.K. and boost network coverage.
Vodafone has been restructuring, selling its towers segment and merging its U.K. operations with Three to improve fundamentals and reduce debt. Despite these efforts, Vodafone stock trades near all-time lows, presenting a compelling opportunity for value investors given its attractive valuation. The U.K. merger, expected to complete by mid-2025, will make Vodafone the largest telecom player in the U.K., enhancing market position and synergies.
Margherita Della Valle, the CEO of Vodafone, discusses the CMA's approval for a Vodafone and Three merger, and what the firm's next steps are.
Britain's decision to allow two of its four mobile networks to merge is the first big sign that regulators have taken on board the government's wish for them to prioritise economic growth and infrastructure investment over lower consumer prices.
The Competition and Markets Authority said the deal will likely boost competition in the U.K. mobile sector, but would only proceed if both companies implement certain conditions.
The U.K.'s antitrust regulator has greenlighted the longstanding planned merger between two of the country's biggest telecommunication operators.
The competition watchdog has approved the creation of the UK's biggest phone network by allowing the merger of Three and Vodafone.
The UK's Competition and Markets Authority has approved the merger of the UK mobile networks of Vodafone Group PLC (LSE:VOD) and Three, based on legally binding commitments to invest and cap certain tariffs for three years. After an 18-month review process, the antitrust watchdog green-lit the deal on the basis that the two companies to invest billions in rolling out a combined 5G network across the UK, with virtual mobile providers also to be given access to pre-set wholesale prices and contract terms.
British regulators approve $19 billion Vodafone-Three mobile merger
Vodafone Group PLC (LSE:VOD) has announced the sale of its remaining stake in Indian telecommunications infrastructure firm Indus Towers. Some 79.2 million shares in Indus, equating to 3% of its issued capital, will be offloaded through a placing, Vodafone said on Wednesday.
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UBS analysts have slashed Vodafone Group PLC (LSE:VOD)'s targets after second-quarter figures “validated” concerns. Citing weaker trends in Germany, UBS cut Vodafone's share price target from 77p to 70p and doubled down on a recently set ‘neutral' rating in a note on Monday.