UK Merger Of Vodafone And Hutchison Could Create Britain’s Biggest Mobile Operator
The merger of British operations of Vodafone and CK Hutchison are in the final stages of agreement. In line with an announcement made by Vodafone in October, Sources claim that Vodafone will own 51% and Hutchison 49% of the combined group worth around 15 billion pounds ($18.6 billion) including debt. Though the deal will face intense scrutiny from regulators, Vodafone and Hutchison have argued that the merger would benefit consumers.
The tie-up will overtake BT’s EE and VM O2, owned by Telefonica and Liberty Global emerging as Britain’s biggest mobile operator. As per sources, the announcement is expected as soon as Friday or early next week.
Read More On: Economic Times