Vodafone completes £4.3 billion VodafoneThree takeover, promises to 'move faster' and 'deliver better connectivity' for customers across the UK
£4.3 billion deal sees Vodafone complete buyout and become full owner of VodafoneThree.
Vodafone has finalized its £4.3 billion acquisition of the remaining 49% stake in VodafoneThree, marking full ownership of the UK's largest network. The deal, initially announced in May 2026, has proceeded swiftly since Vodafone's merger with rival Three in June 2025, already expanding the network's reach. Following the merger, Vodafone Group spent £4.3 billion (£4.9 billion) to secure the final share in VodafoneThree.
CEO Margherita Della Valle expressed excitement about the move, stating that full ownership will enable the company to accelerate its network building efforts across the UK. She highlighted the improved connectivity benefits for customers and how this would support the UK's digital economy, promising long-term value for shareholders.
Vodafone confirmed that the acquisition was funded entirely by existing cash resources within Vodafone Group and anticipates achieving £700 million in annual cost and capital expenditure synergies by FY30. The company also aims to utilise this acquisition to advance its £11 billion network investment plan, with VodafoneThree set to unveil its strategy and growth objectives in an Investor Briefing scheduled for October 2026.
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