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.

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: 2067

Tags: o2ukthreetelefonica

Leave a comment

Name:
Email:
Comment:
CAPTCHA image
Enter the code shown above in the box below.
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

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

Archive Calendar

«March 2017»
MonTueWedThuFriSatSun
272812345
6789101112
13141516171819
20212223242526
272829303112
3456789

Archive

Terms Of Use | Privacy Statement