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CKH Completes VodafoneThree Deal, Cashes In ~HKD45.5B
2026-07-31 10:07:06 CKH HOLDINGS (00001.HK) announced that the transaction relating to the 49% shareholding of the CK Hutchison Group Telecom Holdings Limited (CKHGT) group in VodafoneThree, the UK’s largest mobile telecommunications operator, has been completed. The CKHGT group, a wholly owned subsidiary of CK Hutchison, received GBP4.3 billion (approximately HK$45.47 billion) in cash. CK Hutchison is a long-term investor in the UK and Europe and has played an active role in the development of the UK’s telecommunications infrastructure for more than 30 years, helping connect people across the UK with family, friends and businesses around the world. Canning Fok, Deputy Chairman of CK Hutchison and Executive Chairman of CK Hutchison Group Telecom Holdings, said that CK Hutchison is proud of the role it has played in the history of UK telecommunications industry, from being among the world’s first to invest in 3G mobile telecommunications and bringing ground-breaking mobile broadband services to the UK public, to helping create VodafoneThree, the country’s leading mobile operator. He said this transaction realises the Group's investment in VodafoneThree and returns value to the Group and its shareholders, while further strengthening its balance sheet and creating additional opportunities for the future. ~ AASTOCKS Financial News Website: www.aastocks.com | |