News Articles

Monday, January 26, 2015

Telefónica talks exclusively to Hutchison Whampoa about selling O2 UK

Telefónica, the parent company of O2, has entered into exclusive talks with Hutchison Whampoa about the potential takeover of O2 UK.

Image

It’s proposed a deal worth £10.25 billion in cash, with most of the money paid when the transaction is concluded. £1 billion would be deferred until cash flow reached an agreed figure.

The exclusivity period is due to last several weeks.

Hutchison Whampoa currently operates the Three UK network; combining the two companies would give it a customer base of around 35 million, making it the country's largest network operator.

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Networks and operators, NewsNumber of views: 16953

Tags: o2 uk three telefonica

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«March 2024»
MonTueWedThuFriSatSun
26272829123
45678910
11121314151617
18192021222324
25262728293031
1234567

Archive

Terms Of Use | Privacy Statement