Three set to buy O2 for £10 billion in cash [UPDATED]
Mobile network Three is reportedly set to acquire its rival O2 for more than £10bn in cash. Hong Kong tycoon Li Ka-shing is set to become one of the biggest foreign investors in the UK when his Hutchison Whampoa conglomerate acquires the O2 network from its Spanish owner Telefónica.
January 20, 2015
Sky and Talk Talk join Race to acquire O2
Sky and Talk Talk are the latest apparent bidders to join the race acquire O2 from Telefonica. Talks between the Spanish telecoms firm and Sky and Talk Talk are said to be taking place, according to reports, just days after it was revealed China’s Hutchison Whampoa, the owner mobile network Three, was revealed to be in the running.
January 19, 2015
Hutchison Whampoa reportedly in early talks to buy O2 for as much as £9 Billion
On Wednesday we reported how Canning Fok, the Managing Director of Hutchinson Whampoa, had said the firm was likely to accelerate plans to pursue European acquisitions in a bid to strength Three’s position.
December 18, 2014
Government secures landmark deal for UK mobile phone users
Culture Secretary Sajid Javid today (Thursday) announced a landmark deal with the four mobile networks to improve mobile coverage across the UK.