4/2/2009 1:02:00 PM
3's parent company: ‘Wait and see’ on other mergers
One of the main highlights for Hutchison Whampoa over the last financial calendar was the 50-50 merger with Vodafone in Australia.
The deal provoked speculation that it paved the way for a similar exit for 3 in the UK.
Hutchison Whampoa’s group managing director, Canning Fok (pictured), said the company would ‘wait and see’ if the model would be replicated in other markets, when asked by the Financial Times.
Hutchison’s chairman, Li Ka-shing, commented on the merger in Australia, and said: ‘I think that was the right decision. We made it and we are satisfied.’