NewsThree buying O2 UK for £10.25 Billion

Three buying O2 UK for £10.25 Billion

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Today Telefonica has agreed to sell O2 to Hutchison Whampoa, who are the owner of Three UK, for £10.25 billion yes that is billion. We all heard of the negotiations back in January, but the is nearly done deal.

3-three-logo-580-75.jpgo2 logo

Just got to wait for the purchase is approved by regulators, this means that the four UK’s major networks will soon become three (Vodafone, EE and the combined might of Three and O2). The confirmation comes by way of O2 and Telefonica, although both are saying relatively little about the acquisition.

It’s still unclear if Hutchison Whampoa plans to maintain the O2 brand in the UK, or merge it entirely with Three.

Together, Three and O2 would boast the biggest mobile subscriber base in the UK.

What do this mean for the current Three member who get unlimited data via Three will there keep it if the deal for Three buying O2.

Source Telefonica

Chris Hare
Chris Hare
A True Tech Geek at Heart, I Started my life of being a Tech Geek at the age of 5 with the BBC Micro. Went on through most of Nintendo stuff and now a Xbox and PlayStation fan. I also leaked the information about the leaked Hotmail passwords story from October 2009 that went World Wide. I Started writing tech articles at the beginning of 2011, most of my articles are about Android phones and Xbox One and PlayStation 4 and other gaming news. When Chris has free time its with the family.

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