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January 23, 2015

Communication Workers Union seeks jobs security in Telefonica O2 takeover talks

Following confirmation this morning (Friday) that Telefonica UK - the owners of O2 - is in exclusive sale talks with Hutchinson Whampoa - the owners of 3 mobile - the Communication Workers Union (CWU) is seeking assurances over job security for the company's UK employees.
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January 23, 2015

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.
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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.
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January 14, 2015

A European takeover is a “top priority” for Three

Following BT’s decision to acquire EE, there have been many rumours that the UK’s smallest network Three, would make a bid for Telefonica-owned O2. Whilst Three UK are yet to confirm such interest, the Managing Director for the parent company has apparently confirmed his company’s interest in acquiring O2.
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