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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.

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Author: The Fonecast
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Tags: o2 uk three telefonica

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