business
Saturday, January 24, 2015
UK mobile market is changing. It was only announced the German Telekom to seek out buy worth billions from the British BT. Now Hutchison wants with almost as much money swallow the British Telefónica arm.
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The UK mobile market is in turmoil. The conglomerate Hutchison Whampoa of Hong Kong wants to 9,250,000,000 pounds in cash for the UK mobile arm of Telefónica – pay – O2 UK. Both companies confirmed exclusive sales calls.
A billion pounds could be added after graduation. Hutchison has already provided the provider Three on the UK market. Telefónica shares subject to the Stock Exchange in Madrid in the morning by more three percent. The closing of the transaction is provided but 2016 at the earliest. The proposed merger of Three with O2 to save three to four billion pounds of costs.
More aboutCome the negotiations for the conclusion, the number of network operators would decline in the UK from four to three. According to Hutchison’s chief financial officer Frank Sixt, the new company would be measured by the market share of the largest mobile operator in the UK – in front of the current industry leader Everything Everywhere (EE), which the German Telekom and the French Orange currently operate together, and Vodafone.
For EE currently underway also talks about a change of ownership. Former British state monopoly BT Group will again go into the mobile communications business, thus expanding its range. Talking about 15.5 billion euros, the German Telekom could then get 12 percent of BT further. Hutchison Whampoa billionaire owner Li Ka-shing is currently reorganizing its business again. The real estate business is, however, removed from the network. The business empire of Ka-shing includes in Asia and Europe, among other properties, ports and telecommunications companies.
Source: n-tv.de
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