Owner of Three UK will purchase O2 for £10.25 billion

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 of this year. 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</p> </div></div></div><img width='1' height='1' src='