Valuable Opinions, Comments & Gossip
Latest News, Stories
& Hot Topics
Tools & Widgets to
help with finances
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
Spain's Telefonica said it had finalised a deal to sell its British mobile business O2 to Li Ka-shing's Hutchison Whampoa for £10.25 Bln, confirming details announced earlier this year.
Telefonica and Hutchison entered exclusive negotiations over O2 on January 23.
The Spanish operator said on Tuesday that a definitive agreement had now been reached after completion of due diligence on the British unit.
The sale will hasten the consolidation of Britain's telecoms industry. Hutchison already operates the Three Mobile network in Britain, and buying second-ranked O2, which has about 22 million subscribers, will make it the top mobile operator in the country.
Completion of the deal is subject to regulatory approval, Telefonica said, adding that should take place by June 30, with a possible extension of this timeline to September 30.
Recommended Reading :
* Spain's Telefonica says seeks global alliance with BT
* Spain's Telefonica in preliminary talks with BT over UK operations
