23/01/2015
HWL In 'Exclusive Negotiations' To Acquire O2
Hutchison Whampoa Limited (HWL), parent company of UK telecom operator Three UK, has confirmed it is in discussions with Telefónica, S.A. to buy O2 UK, for £10.25bn.
HWL, owned by Asia's richest man Li Ka-Shing, said it was in exclusive negotiations which are expected to last for several weeks.
In a statement the firm said: "The transaction remains subject to satisfactory due diligence over O2 UK, agreement on terms and signing of definitive agreements, and obtaining required corporate and regulatory approvals. The negotiations may or may not result in any transaction."
(CD/JP)
HWL, owned by Asia's richest man Li Ka-Shing, said it was in exclusive negotiations which are expected to last for several weeks.
In a statement the firm said: "The transaction remains subject to satisfactory due diligence over O2 UK, agreement on terms and signing of definitive agreements, and obtaining required corporate and regulatory approvals. The negotiations may or may not result in any transaction."
(CD/JP)
Related UK National News Stories
Click here for the latest headlines.
10 May 2005
O2 call centre to bring 1500 jobs to Glasgow
O2, one of the UK's leading mobile phone operators, has announced a dramatic expansion of its presence in Scotland. The creation of a new O2 Customer Service centre in Glasgow, promise to create 1500 permanent jobs at a facility due to open in the Autumn in Glasgow's Skypark business complex at Finnieston.
O2 call centre to bring 1500 jobs to Glasgow
O2, one of the UK's leading mobile phone operators, has announced a dramatic expansion of its presence in Scotland. The creation of a new O2 Customer Service centre in Glasgow, promise to create 1500 permanent jobs at a facility due to open in the Autumn in Glasgow's Skypark business complex at Finnieston.
12 May 2004
Expanded UK Film Centre promotes UK industry at Cannes
The UK Film Centre, which promotes the UK film industry in the international marketplace, will be providing an expanded range of business services in its second year of operation at the world’s biggest film festival.
Expanded UK Film Centre promotes UK industry at Cannes
The UK Film Centre, which promotes the UK film industry in the international marketplace, will be providing an expanded range of business services in its second year of operation at the world’s biggest film festival.
26 May 2015
O2 Service Returns To Normal After Network Signal Issues
Phone service provider O2 has stated its network has "returned to normal" following complaints of reception problems across the UK. Customers in England and Northern Ireland experienced problems with signal and mobile internet signal yesterday 25 May.
O2 Service Returns To Normal After Network Signal Issues
Phone service provider O2 has stated its network has "returned to normal" following complaints of reception problems across the UK. Customers in England and Northern Ireland experienced problems with signal and mobile internet signal yesterday 25 May.
03 October 2013
Emergency Text Service To Be Tested
A pilot scheme of a new emergency text message alert system is underway in Glasgow. From 2pm this afternoon, O2 customers will receive three messages as a test of the system. It is understood that the texts will make clear that it is just a test and that they are part of a trial.
Emergency Text Service To Be Tested
A pilot scheme of a new emergency text message alert system is underway in Glasgow. From 2pm this afternoon, O2 customers will receive three messages as a test of the system. It is understood that the texts will make clear that it is just a test and that they are part of a trial.
29 August 2013
Two More Mobile Phone Companies Roll Out 4G Service
4G data services have been launched in London, Bradford and Leeds as O2 and Vodafone join EE in offering the new, faster, mobile service. EE launched their 4G service in October last year, resulting in claims by other mobile phone companies that EE had been given an unfair advantage.
Two More Mobile Phone Companies Roll Out 4G Service
4G data services have been launched in London, Bradford and Leeds as O2 and Vodafone join EE in offering the new, faster, mobile service. EE launched their 4G service in October last year, resulting in claims by other mobile phone companies that EE had been given an unfair advantage.
-
Northern Ireland WeatherThis Evening and Tonight:Dry and often clear this evening and overnight, turning chilly with a touch of frost in places. The odd mist and fog patch also possible. Minimum temperature 0 °C.