The chief financial officer of Hutchison's Three UK said talks with Vodafone about combining their networks in Britain were 'progressive and positive', although he declined to comment on the outcome.
"A merger of this size is complex, so there's a lot of moving parts and we just need to continue working through the list," Purkis said.
Complexities include the fact that Vodafone and Three are in separate network-sharing agreements, as well as untangling Vodafone UK's ties with its parent group.Purkis said Three was pleased overall with its progress in a challenging macroeconomic environment in 2022. The operator reported a 3% rise in revenue to 2.52 billion pounds , driven by a 6% increase in its active customer base to more than 10 million. Core earnings rose 3% to 612 million pounds.
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