Vodafone UK carries an enterprise value of €9.8 billion and Three UK is worth €4.4 billion, while bringing them together would yield some £2 billion ($2.3 billion) in synergies, according to a note late Monday from New Street Research analysts led by James Ratzer. Meanwhile analysts at Oddo BHF SCA led by Stephane Beyazian put the joint enterprise value at £14.5 billion pounds.