Announced
Financials
Tags
United Kingdom
Majority
Pending
digital telco
Friendly
Acquisition
Single Bidder
Cable Television
telecom
Public
Synopsis
CK Hutchison-backed Three, a global brand name under which several UMTS-based mobile phone networks and broadband internet providers operate, agreed to acquire O2, the UK’s largest mobile platform, from Telefonica, an integrated and diversified telecommunications group for £10.5bn ($12.9bn). “Three’s leadership in mobile data together with O2’s strength on network coverage is a great combination that will bring very real benefits to businesses and consumers throughout the UK. The highly complementary network assets will deliver market-leading coverage and capacity for talk, text and data and will be well placed to satisfy rapidly growing demand,” David Dyson, Three CEO.
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