Renta 4 | VMO2 UK, Telefónica’s 50% subsidiary in the United Kingdom, has invested £343 million, approximately €400 million, to purchase 78.8 MHz of spectrum from Vodafone.
This purchase is part of the conditions imposed by Ofcom, the British telecommunications regulator, on Vodafone for the acquisition of Three UK.
Under this agreement, the three British operators, VMO2, Vodafone and British Telecom, will each have a third of the UK’s mobile spectrum.
This transaction is also subject to Ofcom approval.
Assessment: This news was partly expected following Ofcom’s decision and the agreement signed in July 2024 between VMO2 UK and Vodafone to extend and improve their network sharing agreement. With this acquisition, VMO2 UK improves its competitive position in the mobile market by being able to provide a higher quality and faster service.
P.O. €4.50. MAINTAIN.
