Menu
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.
02 August 2013
Met Police Prepare To Settle With Family Of Ian Tomlinson
The Metropolitan Police have been authorised to proceed with settling a compensation agreement with the family of Ian Tomlinson, the man who died after being pushed to the ground by a police officer in 2009.
Met Police Prepare To Settle With Family Of Ian Tomlinson
The Metropolitan Police have been authorised to proceed with settling a compensation agreement with the family of Ian Tomlinson, the man who died after being pushed to the ground by a police officer in 2009.
16 December 2011
UK To Watch EU Deal 'From Sidelines'
The UK is to attend negotiations on the European rescue deal as "observers" only after David Cameron's decision to veto the terms of the agreement. According to The Financial Times, UK officials are expected to have "observer status", during "technical discussions".
UK To Watch EU Deal 'From Sidelines'
The UK is to attend negotiations on the European rescue deal as "observers" only after David Cameron's decision to veto the terms of the agreement. According to The Financial Times, UK officials are expected to have "observer status", during "technical discussions".
15 September 2011
Unions Face Off Criticism Over Strikes
The General Secretary of the United Kingdom's Trades Union Congress has faced off against crticism from politicians, reiterating his determination for a "day of action". Brendan Barber announced during the TUC conference on Wednesday that unions were prepared to undertake "co-ordinated" strike action over reductions to public sector pensions.
Unions Face Off Criticism Over Strikes
The General Secretary of the United Kingdom's Trades Union Congress has faced off against crticism from politicians, reiterating his determination for a "day of action". Brendan Barber announced during the TUC conference on Wednesday that unions were prepared to undertake "co-ordinated" strike action over reductions to public sector pensions.
18 November 2010
Health At The Heart Of Climate Change Agenda
Several leading medical journals have come together to urge health professionals everywhere to put health at the heart of climate change negotiations.
Health At The Heart Of Climate Change Agenda
Several leading medical journals have come together to urge health professionals everywhere to put health at the heart of climate change negotiations.
06 July 2010
Civil Service Redundancy Payments To Be Capped
Civil servants who are made redundant are to have their payouts capped at one year's salary, under new plans announced by the government. The new plans, which were unveiled by Cabinet Office Minister Francis Maude, will also see payouts for staff taking voluntary redundancy capped at 15 months salary.
Civil Service Redundancy Payments To Be Capped
Civil servants who are made redundant are to have their payouts capped at one year's salary, under new plans announced by the government. The new plans, which were unveiled by Cabinet Office Minister Francis Maude, will also see payouts for staff taking voluntary redundancy capped at 15 months salary.
-
Northern Ireland WeatherToday:Cloudy with longer spells of rain during the morning, this rain heavy at times. Generally brighter in the afternoon, but with scattered and at times heavy showers. Maximum temperature 14 °C.Tonight:A mainly dry evening and night with isolated showers dying out and some longer clear spells. Then it will cloud over towards morning with some heavy showers. Minimum temperature 7 °C.
