VodafoneThree lifts UK cost-saving target to £1 billion by 2032

Following the 2025 merger that created VodafoneThree, the company has set a new UK cost-saving objective of £1 billion annually by the 2031-32 period, up from the original £700 million target. An additional £300 million of yearly cuts will be pursued, focusing on reducing the combined mast and tower infrastructure from around 37,000 sites to roughly 26,000, and removing overlapping costs now that the group fully owns both brands.

Margherita Della Valle, group chief executive, emphasized that the increased target reflects confidence in the merged entity’s ability to deliver better network quality and customer experience while contributing to Vodafone’s broader growth strategy. The firm expects annual savings to reach £800 million by 2029-30 and the full £1 billion by 2031-32, and it assures that the measures will not impact its workforce. VodafoneThree now serves about 27 million customers, with up to 50 million UK residents able to access its 5G network.