Bloomberg Talks Vodafone CEO Margherita Della Valle Talks £15 Billion Mega Merger
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Dec 5, 2024 Margherita Della Valle, CEO of Vodafone Group, shares insights on the company's groundbreaking £15 billion merger with Three, which is set to reshape the UK telecom landscape. She discusses the strategic focus on enhancing digital infrastructure with an £11 billion investment. Della Valle emphasizes job creation over cost-cutting and forecasts a boost in employment opportunities. Additionally, she tackles potential impacts on pricing and market competition, while addressing national security concerns tied to the merger.
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Merger Benefits
- The Vodafone-Three merger creates a stronger UK telecoms force, boosting competition and investment.
- This merger is the final step in Vodafone's European reshaping strategy for growth.
Investment Focus
- The merger's main goal is not revenue growth but unlocking infrastructure investment.
- Increased network scale enables building the best UK network, reaching 99% of the population.
Investment Timeline
- The £11 billion investment will begin immediately after the merger's completion in the first half of 2025.
- Customers will see benefits next year through a better, broader network.