Vodafone Three, a privately owned company headquartered in the United Kingdom, with parent companies CK Hutchison Holdings and Vodafone Europe Consumer, was founded in 1988, employs approximately 710 individuals, and reported $7.4B in revenue as of 2024. The company specializes in telecoms. Vodafone Three operates as a mobile network operator in the UK. It was formed from the merger of Vodafone UK and Three UK, completed on 31 May 2025. The joint venture is 51% owned by Vodafone Group and 49% by CK Hutchison Holdings.
Vodafone's merger savings contribute to a broader reshaping of the telecoms market, which increasingly focuses on scale, infrastructure, and the control of higher-value AI services as satellite and terrestrial networks converge, according to a newsletter published on October 8, 2026. Earlier that day, VodafoneThree raised its annual cost-savings target for its UK business to £1 billion by fiscal 2032. This updated ambition, announced during a Vodafone Group investor briefing, outlined a UK growth strategy with "bolder" financial targets, aiming for significant value creation. Vodafone Group plc's UK business upgraded this outlook after taking full control of the entity earlier this year, citing "strong progress" against VodafoneThree's initial cost targets.
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Vodafone Three offers 4 products in the media and telecoms services industry. Vodafone Three's product portfolio comprises of telecoms and consumer electronics.
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Vodafone Three's revenues were over $1B in 2024. Caretta Research has split Vodafone Three's revenue into 4 different product categories, the largest of which is mobile services. For full access to Vodafone Three's revenue breakdown subscribe to Caretta Portal.
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