Three agreed to acquired O2 for £10.25bn

[AthlonXP1800]

Hutchison Whampoa agrees definitive terms to acquire O2 in the UK from Telefónica

Hutchison Whampoa has today agreed definitive terms to acquire O2 in the UK from Telefónica. The deal agreed is the result of a period of exclusive discussions between the two companies. Closing of the deal is subject to regulatory approvals, but would bring together two respected mobile businesses in the UK.

O2’s vision has always been to provide the very best customer experience. This deal will – subject to merger clearance – 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 as a result of the deal, UK customers will benefit from greater value, quality and innovation. We also fully expect that new and exciting opportunities will open up for employees of both businesses.

The deal is subject to regulatory approvals which might take up to a year. In the meantime, our priority is to continue to look after our customers, delivering the very best experience that they have come to expect from O2.

http://news.o2.co.uk/2015/03/24/hut...erms-to-acquire-o2-in-the-uk-from-telefonica/
http://www.neowin.net/news/three-agrees-to-buy-o2-uk-for-1025bn

 

[snips86x]

Oh dear!! Not liking this!

 

[Rimsy]

the sooner they combine their mastly powers the better!

 

[Too Tall]

Wonder which name they will take. The Three Arena?

 

[Glaucus]

Good move IMO.

And should be called O³

 

[Sweey]

And should be called O³

 

[thepigf@rmer]

And should be called O³

 

[XeNoN89]

This should in theory create a great network, I've found O2 to have the best coverage and Three to have the best speeds. Hopefully we get the best of both once they become one.

 

[doodah]

You should trademark that

 

[Thomss]

And should be called O³

Haha, that's awesome

 

[Rimsy]

Good move IMO.

And should be called O³

Love it. Let's hope they do

 

[tigerstyle]

Where does Vodafone fit into this then? Very close now...

 

[Rimsy]

who knows... maybe BT will buy them and ressurect cellnet

 

[-Mike-]

who knows... maybe BT will buy them and ressurect cellnet

http://www.bbc.co.uk/news/business-31144009

Where have you been?

 

[Orcvader]

This should in theory create a great network, I've found O2 to have the best coverage and Three to have the best speeds. Hopefully we get the best of both once they become one.

Hoping that too, but I would imagine it will take a while for this to happen. Not to mention, O2 is oversubscribed, while 3 is starting to feel the strain of oversubsciption, so they will need to focus on improving their capacity as well as getting the O2 network on par with 3's. In theory it sounds great, but they do have a lot of work to do before both O2 and 3 customers see any major benefits.

Once they reach the stage of allowing O2 and 3 customers to go on each other's networks, I can finally dump giffgaff .

 

[413x]

Yes BT want to buy EE
Don't know how hard that will be to get past the regulator
I now have shares in BT on the 'just in case'

 

[XeNoN89]

Hoping that too, but I would imagine it will take a while for this to happen. Not to mention, O2 is oversubscribed, while 3 is starting to feel the strain of oversubsciption, so they will need to focus on improving their capacity as well as getting the O2 network on par with 3's. In theory it sounds great, but they do have a lot of work to do before both O2 and 3 customers see any major benefits.

Once they reach the stage of allowing O2 and 3 customers to go on each other's networks, I can finally dump giffgaff .

GiffGaff might not even survive this! I'm with them at the moment as well so will be interested to see what happens.

 

[Christmas themed thank]

Giffgaff are a joke of a network. I would be glad to see them go.

 

[Cosimo]

And should be called O³

Very good.

 

[Sho]

Good move IMO.

And should be called O³