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This article was published on January 22, 2015

    UK mobile carrier Three is in talks to buy O2 for £10.25 billion

    UK mobile carrier Three is in talks to buy O2 for £10.25 billion
    Owen Williams
    Story by

    Owen Williams

    Former TNW employee

    Owen was a reporter for TNW based in Amsterdam, now a full-time freelance writer and consultant helping technology companies make their word Owen was a reporter for TNW based in Amsterdam, now a full-time freelance writer and consultant helping technology companies make their words friendlier. In his spare time he codes, writes newsletters and cycles around the city.

    Update: Hutchinson Whampoa has confirmed that it has been in talks to purchase O2 for several weeks.

    In its statement, the company says the deal, which is still subject to due diligence and regulatory approval, is worth £9.25 billion in cash and up to a further £1 billion in deferred upside interest sharing payments dependent on cumulative cashflow of the combined companies.

    Original story follows:

    According to a Financial Times report today, Hutchison Whampoa is set to purchase UK mobile carrier O2 as part of a £10 billion cash deal.

    Hutchison Whampoa owns the UK’s Three mobile network. We reported late last year that BT was in talks with O2 to purchase the company, but those talks ended in December according to the report.

    The Financial Times article says that O2 is expected to announce the news this Friday.

    ➤ Telefónica set to agree to sell O2 to Hutchison Whampoa for £10bn [FT]