Vodafone UK and Three UK complete $20 billion merger after 2 years

Vodafone and Three have completed their $20.28 billion (£15 billion) merger, leaving the largest mobile operator in the UK with approximately 27 million users. Known as VodafoneThree, the new company will be led by CEO Max Taylor, who currently leads Vodafone UK. VodafoneThree has said it will invest $14.86 billion (£11 billion) over the next 10 years, to create one of Europe’s most advanced 5G networks, giving millions of customers and businesses up and down the country a vastly improved mobile experience. VodafoneThree plans to invest $1.76 billion (£1.3 billion) in capex on its network during its first year. This will enable the company to accelerate network deployment. We don’t know yet what changes, be it job cuts or other modifications, will happen due to the merger. Other major amalgamations—such as the T-Mobile and Sprint merger in the United States—supposedly led to job cuts at the combined organization.