23-Jan-2015 10:33

#Three network to buy #O2 for over £10bn?

Three network to buy O2 for over £10bn?

Telefonica has announced that it is in talks with the operator of the Three network Hutchison Whampoa to sell O2 for £10.25bn.

If this cash deal is successful, the combined group would become Britain’s largest mobile operator…

Britain’s mobile telecoms market is currently dominated by four providers; O2, Three, Vodafone and EE, but pressures have been building to consolidate these operations.