Vodafone in talks with Hutchinson Whampoa over Irish merger

Vodafone in talks with Hutchinson Whampoa over Irish merger

Vodafone is in talks with Hutchinson Whampoa, which operates the 3 network in Ireland, over an infrastructure merger.

The deal is designed to save costs for both firms and boost coverage for customers in the nation, sources close the situation have revealed.

Sources, who asked not to be named because the talks were not public, said a deal is yet to be signed, but that discussions are ongoing.

The merger will create a 50-50 joint venture that would result in the biggest network in Ireland while producing "significant" cost savings, one of the sources told Reuters, without elaborating on the size of the savings.

Estimates published by the Financial Times said the savings for each business could exceed £200 million over a five-year period.

This is the second deal Vodafone has been involved in over recent weeks, with the mobile network provided announcing a partnership with  Telefonica's O2 to help cut the cost of building a new superfast service.