0
Wireless

Hutchison close to binding deal to buy O2 UK - report

Tuesday 24 March 2015 | 09:39 CET | News
Hong Kong's Hutchison Whampoa is set to announce a binding deal to acquire mobile operator O2 UK for about USD 15 billion, a person familiar with the matter told the Wall Street Journal. Hutchison, which already owns 3 UK, announced the planned takeover in January, saying it was in exclusive talks with Telefonica for a deal worth GBP 9.25 billion in cash and up to GBP 1 billion more depending on targets being met. Questioned about the timing of the announcement, Hutchison said it was still in talks. O2 would not comment. Hutchison finance director Frank Sixt said in January the money would

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: 3 UK / Hutchison Whampoa / O2 UK / Telefonica
Countries: United Kingdom
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telefonica agrees sale of O2 UK to 3 for GBP 10.25 billion

Published 25 Mar 2015 08:45 CET | United Kingdom
Hutchison Whampoa reached an agreement with Telefonica to buy O2 UK for GBP 10.25 billion. The price includes an initial payment ...

3 UK starts Galaxy S6 pre-orders with Spanish geography quiz

Published 24 Mar 2015 23:54 CET | United Kingdom
3 UK has launched pre-orders for the Samsung Galaxy S6 and S6 Edge with the #DondeEstaElS6 competition, asking customers to ...

3 UK to launch VoLTE in Q3

Published 16 Mar 2015 09:40 CET | United Kingdom
Mobile operator 3 UK plans to launch a voice over LTE (VoLTE) service between July and September, the company confirmed to Light ...

3 Group service revenues up 9% in 2014, passes 25 mln subs

Published 26 Feb 2015 14:11 CET | Europe
The 3 Group grew its active customer base 13 percent in Europe last year to over 25.0 million at year-end. The mobile operator ...

O2 UK reports 10% revenue growth in Q4

Published 25 Feb 2015 10:43 CET | United Kingdom
Mobile and broadband operator Telefonica UK (O2 UK) reported EUR 1.93 billion of revenue in the fourth quarter of 2014, up 9.8 ...

Vodafone warns of BT dominance, wants EE-3 UK sharing ceased

Published 06 Feb 2015 10:42 CET | United Kingdom
Speaking at Vodafone's results announcement, CEO Vittorio Colao warned BT about market dominance through its acquisition of EE ...

Sky to launch MVNO in 2016, partners with O2

Published 29 Jan 2015 12:43 CET | United Kingdom
BSkyB has confirmed plans to enter the mobile services market with a wholesale deal on the O2 UK network. Sky signed a multi-year ...

Hutchison may sell 1/3 of 3 UK-O2 to private equity - report

Published 26 Jan 2015 10:07 CET | United Kingdom
Hutchison is in talks with private equity companies on the chance to own up to a third of 3 UK-O2 to help finance the GBP 10.25 ...

Hutchison in exclusive talks to buy O2 UK for GBP 10.25 bln

Published 23 Jan 2015 08:49 CET | United Kingdom
Hong Kong's Hutchison Whampoa, the parent company of mobile operator 3 UK, announced that it has entered into exclusive talks ...





Calendar   /   Industry Events

11 May United Internet Q1 2021
11 May Softbank FY results
11 May Vizio Q1 2021
11 May Allot Q1 2021
11 May Telefonica Brasil Q1 2021
11 May Sonim Q1 2021
11 May Magyar Telekom Q1 2021
11 May Radcom Q1 2021
11 May Lattice Semiconductor investor day
11 May Small Cells World Summit
12 May BT FY results
12 May Airtel Africa Q1 2021
12 May Mediaset Q1 2021
12 May Telefonica Deutschland Q1 2021
12 May Deutsche Telekom Q1 2021
12 May Bredband2 Q1 2021
12 May Lumentum fiscal Q3
12 May Syn Q1 results 2021
12 May OTE Q1 2021
12 May NEC FY results
13 May Alibaba Group Q1
13 May Inwit Q1 2021
13 May Telefonica Q1 2021
13 May Poly fiscal Q4
13 May DZS investors day
14 May Digi Communications Q1 2021
14 May Japan Display FY results
14 May Sohu.com Q1 2021
14 May Sogou Q1 2021
17 May World Telecommunication and Information Society Day
::: More Calendar Items