Vodafone acquires CK Hutchison's VodafoneThree stake

Vodafone Idea has agreed to acquire the remaining 49% stake in its UK joint venture, VodafoneZiggo, from CK Hutchison Holdings for £4.3 billion. This deal will give Vodafone Idea full ownership of VodafoneZiggo, which was formed last year by the merger of Vodafone UK and 3 (company). The acquisition is expected to accelerate Vodafone Idea's plans to transform the United Kingdom's digital infrastructure and realize approximately £700 million in annual cost efficiencies by 2030. Margherita Della Valle, CEO of Vodafone Idea, expressed confidence in rolling out one of Europe's most advanced 5G networks. For CK Hutchison Holdings, led by Li Ka-shing, the sale is part of its strategy to reshape its global portfolio, generating substantial cash proceeds and crystallizing value from its investment. The transaction is subject to regulatory approval, including under the UK National Security and Investment Act, and is anticipated to be completed in the second half of 2026. Max Taylor will continue as CEO of VodafoneZiggo.