Vodafone has finalized its merger of £ 15 billion with three UKs, calling it “a new force in the UK Mobile”.
The merger of UK network businesses, officially completed on 31 May, comes nearly two years after being announced.
The UK’s largest mobile phone network Vodafonethry, along with around 27 million customers, has committed to invest £ 11 billion in the next decade to increase its 5G capabilities. After the merger, £ 1.3 billion will be invested in this financial year.
Margerita Dela Valle, Vodafone The Chief Executive Officer of the group said: “The merger will create a new force in the UK mobile, change the country’s digital infrastructure and will lead the UK to European connectivity.
“We are now eager to kick our network build and bring more coverage and better network quality to customers.
“Lakh -Deen completes Vodafone’s revival in Europe, and after this period of infection we are now well deployed for development.”
Companies first announced the landmark deal in June 2023 – in a large shake in Britain’s mobile phone sector.
It was closely investigated Competition and market authority (CMA) In the midst of concerns, it can significantly reduce options for mobile customers and lead high bills.
But the CMA gave a green light to the deal in December last year, with the conditions.
It has been stated that the landmark deal may proceed if both companies agreed to invest billions of pounds to roll a combined 5G network across the UK, while the firms were also told that they merged the merged company for three years to captivate some mobile tariffs.
The initial payment of the firm will allow it to “accelerate your network purification”.
The joint group is also aiming to distribute £ 700 million in annual savings within five years.
The three owners of the Canning Folk-UK, the vice-president of CK Hachisan, and the Executive Chairman of Ckhgt-said: “The scale is our customers hope that our customers hope that our customers hope that the important investment required to distribute the mobile network living around the world, and the Vodafone and the three merger provides on that scale.”
Vodafone has 51% of the newly merged company and will have the option to buy the rest of the firm merged after three years.
Vodafonethry is chaired by Chief Executive Max Taylor, who currently leads the Vodafone UK, with three UK Darren Purcis appointed as Chief Financial Officers.
