Vodafone CEO Secures Merger Deal in Britain, Creates New Market Leader

The deal is worth 15 billion pounds and is expected to close by the end of 2024.

The announcement comes after Vodafone struggled with weak trading in Germany, Spain, and Italy and a lack of action on the deal front, leading to former boss Nick Read agreeing to step down.

Della Valle has shown clear intent to make changes at Vodafone and securing approval for the tie-up with Hutchison's Three would be a major boost to her early tenure.

However, many investors want Vodafone to replicate similar deals across markets such as Italy and Spain, which is likely to take time.