Today, Hong Kong-based Hutchison Whampoa released a statement saying that it is in exclusive negotiations with Telefonica to acquire O2 in the UK to merge it with its existing UK carrier Three. It is offering to pay up to £10.25 billion ($15.3 billion), with £9.25 billion of that paid at closing and a further £1 billion in deferred interest sharing payments “after the cumulative cash… Read More
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