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Vodafone to spend £1.3bn on network after merger
Paisley Daily Express
|June 03, 2025
FOLLOWING the completion of its monumental £15 billion merger with UK competitor Three, Vodafone has pledged to invest up to £1.3bn in network infrastructure over the coming year.
The capital expenditure commitment forms part of a broader promise by the newly-formed entity, VodafoneThree - which is poised to become the UK's largest mobile operator - to invest £11bn over the next ten years.
The merged business, with Vodafone and Chinese conglomerate CK Hutchison holding 51% and 49% stakes respectively, will receive £800m in equity from its parent companies to support working capital needs.
An initial injection of £600 million is slated for immediate release, followed by an additional £200m in the first quarter of the subsequent year.
This story is from the June 03, 2025 edition of Paisley Daily Express.
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