Hutchison Says It’s In Exclusive Negotiations To Buy UK’s O2 For Up To £10.25B — techcrunch.com

Today, Hong Kong-based Hutchison Whampoa released a statement saying that it is in exclusive negotiations with Telefonica to acquire mobile carrier O2 in the UK, offering to pay up to £10.25 billion ($15.3 billion). It would merge O2 with its existing UK business Three to create the UK’s biggest carrier. Of is £9.25 billion of that paid at closing and a further £1 billion in deferred interest sharing payments “after the cumulative cash flow of the combined businesses of Hutchison 3G UK Limited and O2 UK has reached an agreed threshold.”

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