Today Telefonica has agreed to sell O2 to Hutchison Whampoa, who are the owner of Three UK, for £10.25 billion yes that is billion. We all heard of the negotiations back in January, but the is nearly done deal.
Just got to wait for the purchase is approved by regulators, this means that the four UK’s major networks will soon become three (Vodafone, EE and the combined might of Three and O2). The confirmation comes by way of O2 and Telefonica, although both are saying relatively little about the acquisition.
It’s still unclear if Hutchison Whampoa plans to maintain the O2 brand in the UK, or merge it entirely with Three.
Together, Three and O2 would boast the biggest mobile subscriber base in the UK.
What do this mean for the current Three member who get unlimited data via Three will there keep it if the deal for Three buying O2.