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Highlights
- Vodafone group will potentially acquire its rival firm Three UK.
- The group is also holding talks for the merger of its Italian business with Iliad.
- Following the news of mergers, Vodafone shares jumped 4.5% on 24 January.
Leading telecommunications major Vodafone Group’s shares surged to its seven-month high after reports came in regarding its mergers in the UK and Italy. On 24 January, the shares surged 4.5 per cent, after the FTSE 100 company discussed buying over UK mobile network Three from Asian conglomerate CK Hutchison. With this deal, Vodafone will get 9.3 million customers currently with Three. It has 20 million customers at present.
In another deal, Vodafone has also been holding discussions regarding a prospective merger of its Italian business with Iliad.
The Italian tie-up would help the businesses to end the competitive battle in the third-largest economy of the Euro Zone.
Let’s take a look at Vodafone and 4 other UK telecom stocks that you can add to your investment portfolio now.
RELATED READ: Vodafone (LON:VOD) & BT Group (LON: BT.A): 2 telecom stocks to buy
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Vodafone Group plc (LON: VOD)
UK-based globally operating telecom company Vodafone Group plc primarily offers its services in Europe, Asia, Africa, and Oceania. The market cap of the FTSE100-listed company stands at £31,851.70 million and it has provided a negative return of 3.52% to its shareholders in the last one year as of 24 January 2022. Vodafone Group Plc’s shares closed trading at GBX £122.86, up by 4.53%, on 24 January 2022.
BT Group plc (LON: BT.A)
UK-based globally operating telecommunications firm BT Group plc is the UK’s leading provider of broadband, fixed-line, and mobile services. The market cap of the FTSE100-listed company stands at £18,723.42 million and it has provided a return of 37.90% to its shareholders in the last one year as of 24 January 2022. BT Group Plc’s shares closed trading at GBX £186.10, down by 1.40%, on 24 January 2022.
Airtel Africa plc (LON: AAF)
UK-based provider of telecommunications and mobile money services, Airtel Africa plc, is a majorly owned by Bharti Airtel, which is an Indian company. The market cap of the FTSE250-listed company stands at £5,434.29 million and it has provided a return of 86.79% to its shareholders in the last one year as of 24 January 2022. Airtel Africa Plc’s shares closed trading at GBX £144.20, down by 0.28%, on 24 January 2022.
RELATED READ: Are these 2 blue-chip telecom stocks good to hold in 2022?
Helios Towers plc (LON: HTWS)
UK-based telecom tower infrastructure business, Helios Towers plc, operates in high-growth African markets. The market cap of the FTSE250-listed company stands at £1,601.34 million and it has provided a negative return of 3.00% to its shareholders in the last one year as of 24 January 2022. Helios Towers Plc’s shares closed trading at GBX £148.80, down by 2.62%, on 24 January 2022.
Telecom Plus PLC (LON: TEP)
UK-based multi-utility supplier, Telecom Plus PLC, provides businesses and households with services like electricity, broadband and landline. The market cap of the FTSE250-listed company stands at £1,172.23 million and it has provided a return of 9.64% to its shareholders in the last one year as of 24 January 2022. Telecom Plus Plc’s shares closed trading at GBX 1,456.00, down by 1.89%, on 24 January 2022.
