Vodafone has agreed to buy out CK Hutchinson’s 49% stake in VodafoneThree for £4.3bn. The deal is expected to close in the second half of this year subject to approvals.
The acquisition follows strong early progress since the merger, with significant progress integrating the two businesses.
Full ownership is expected to deliver £700mn of annual cost and capital expenditure benefits by 2030.
The shares were broadly flat in early trading.
Our view
HL view to follow.
Vodafone key facts
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This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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