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Owner of Three UK will purchase O2 for £10.25 billion

<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p class="intro">Three UK owner Hutchison Whampoa has agreed to purchase O2 UK from Telefónica for £10.25 billion.</p> <p>Talks between Hutchison Whampoa and Telefonica began in January (http://www.imore.com/three-uk-reportedly-confirmed-be-purchasing-o2-10-billion) of this year.<!--break--> Now this is all but a done deal, with approval needed from British regulators, which is expected to take up to a year.</p> <p>From <a href="http://news.o2.co.uk/2015/03/24/hutchison-whampoa-agree-definitive-terms-to-acquire-o2-in-the-uk-from-telefonica/" title="" rel="nofollow">O2[/url]:</p>

<p>Hutchison Whampoa has today agreed definitive terms to acquire O2 in the UK from Telefónica. The deal agreed is the result of a period of exclusive discussions between the two companies. Closing of the deal is subject to regulatory approvals, but would bring together two respected mobile businesses in the UK.</p>

<p>Together, Three and O2 have the largest number of subscribers in the UK, followed by rivals Vodafone and EE. O2 currently has around 22 million subscribers, while Three has around 8 million.</p> <p>Source: <a href="http://news.o2.co.uk/2015/03/24/hutchison-whampoa-agree-definitive-terms-to-acquire-o2-in-the-uk-from-telefonica/" title="" rel="nofollow">O2[/url], Telefónica (http://www.telefonica.com/en/shareholders-investors/pdf/hr_20150324.pdf)</p> </div></div></div><img width='1' height='1' src='(http://tipb.com.feedsportal.com/c/33998/f/616881/s/44c0d86c/sc/5/mf.gif)' border='0'/><br clear='all'/>

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<img src="http://da.feedsportal.com/r/223515350444/u/49/f/616881/c/33998/s/44c0d86c/sc/5/a2.img" border="0"/> (http://da.feedsportal.com/r/223515350444/u/49/f/616881/c/33998/s/44c0d86c/sc/5/a2.htm)<img width="1" height="1" src="http://pi.feedsportal.com/r/223515350444/u/49/f/616881/c/33998/s/44c0d86c/sc/5/a2t.img" border="0"/><img src="//feeds.feedburner.com/~r/TheIphoneBlog/~4/BhTvGZITnmE" height="1" width="1" alt=""/>

Source: Owner of Three UK will purchase O2 for £10.25 billion (http://feedproxy.google.com/~r/TheIphoneBlog/~3/BhTvGZITnmE/story01.htm)