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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

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