3/24/2015 5:43:53 PM
Hutchison Whampoa agrees to acquire O2 from Telefonica
Hutchison Whampoa has announced that it has agreed definitive terms to acquire O2 in the UK from Telefónica.
The company said that closing of the deal is subject to regulatory approvals which might take up to a year.
Ronan Dunne, CEO of O2 in the UK and Member of the Telefónica Group Executive, said:
'O2’s vision has always been to provide the very best customer experience. Subject to regulatory approval, the deal that has been agreed today will result in the creation of the most customer-centric mobile operator in the UK. We are pleased to be integral to such an exciting ambition and are confident that the agreement will mutually benefit our customers and employees who are central to our business.'
Understand more about the deal with our 60 second guide here
More to follow