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Hutchison offers plan to keep 3, O2 separate after takeover

Thursday 17 March 2016 | 10:01 CET | News
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CK Hutchison has confirmed plans to keep the 3 and O2 UK businesses separate after its takeover of O2, in order to gain regulatory approval for the takeover of O2 from Telefonica. In its annual earnings report, Hutchison said it was considering the sale of a stake in 3 UK to a new investor in order to help reduce the cash required for the acquisition. If the new investment goes ahead, the group will consider implementing "a revised business structure that would maintain the continuity and separation of the 3 UK and O2 UK businesses". Hutchison said this would be aimed at achieving benefits in

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Categories: Mobile & Wireless
Companies: 3 UK / European Commission / O2 UK / Ofcom / Telefonica
Countries: United Kingdom
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Comments

Smoke and mirrors until the take over is done then hit the consumer with price hikes. All while EU commissioners are getting nice brown envelopes to approve this deal, been there seen it done it....
Jon Smith @ 20/3/2016 - 05:55


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