Vodafone Group: Talks Related to a Possible Combination of Vodafone UK and Three UK [MarketWatch]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
NASDAQ:AMEX Investor Relations:
ckh.com.hk/en/ir
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Source: MarketWatch
The U.K. telecommunications company said the potential deal would combine the U.K. businesses, with Vodafone owning 51% and CK Hutchison owning 49%. By combining our businesses, Vodafone and Three will gain the necessary scale to accelerate the rollout of full 5G in the U.K., Vodafone said, adding it will also expand broadband connectivity to rural communities and small businesses. There can be no certainty that any transaction between the two companies will ultimately be agreed, it added. Shares in Vodafone at 1022 GMT were up 2.62 pence, or 2.6%, at 103.74 pence. Write to Kyle Morris at kyle.morris@dowjones.com
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