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17 Jul
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Sunday newspaper round-up: Vodafone, Deals frenzy, Business loans

Vodafone and Three may combine their UK units which were respectively the third and fourth largest mobile network operators in the country, City sources said. Ownership of the joint-venture would be split equally. On account in part of its smaller size, Three's owner, CK Hutchinson, would probably inject a lump sum of cash into the venture. The merger's original date of announcement in May had to be delayed. Activist investor Cevian Capital had been calling for mergers and acquisitions in key markets in order to bolster Vodafone's share price.

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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.