Three’s second attempt to join forces with a competitor still needs to clear major regulatory hurdles.

Vodafone and Three to Create UK’s Largest Mobile Network Through Merger

Febin MathewJune 14, 23Network, Vodafone

The UK’s two remaining standalone mobile networks, Vodafone and Three, have revealed plans to merge, according to an announcement. This move comes in a market that has witnessed significant consolidations in recent years, including Virgin Media’s merger with O2 and BT Group’s acquisition of EE. If the deal is approved by regulators, the new company formed by Vodafone and Three will become the largest mobile phone operator in the UK, with an estimated 27 million customers. “Three UK and Vodafone UK currently do not have the scale to earn their…

For the half-year ended at the end of September, Vodafone published current income of 7.0 billion euros, down 1.9%, on a 2.3% drop in the group's turnover to 21.4 billion euros. (REUTERS)

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Vodafone increasingly confident after resilient first half

Febin MathewNovember 16, 20Vodafone

Vodafone, the world’s second largest mobile operator, revised its earnings outlook on Monday, saying it was growing more confident after a ‘resilient’ first half, despite the impact of COVID-19 clouding its momentum underlying. Excluding roaming, service revenue grew 1.5%, said the company, helped by increasing its European contract customer base to 65 million and broadband customers to 25, 4 million, and unlimited variable-speed mobile data plans in nine markets. Managing Director Nick Read said the results underscored “increased confidence” in the outlook and demonstrated progress in increasing customer loyalty, growing…