Hutch to introduce low cost operator in Austria

Hutchison Whampoa will introduce a new low cost player in Austria in a bid to increase its market share, according to Reuters. The move will see Hutchison positioning a recently acquired niche player, Eety, as an independent brand, alongside its …

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BT/EE deal faces more in-depth inquiry by UK competition regulator

As expected, the UK Competition and Markets Authority (CMA) fast-tracked fixed incumbent BT’s bid for EE, the country’s largest operator, for a more in-depth phase 2 review. The regulator found that the transaction meets the test for reference because it gives …

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Hutchison finalises O2 UK deal with Telefonica

Hong Kong conglomerate Hutchison Whampoa, parent of 3 UK, entered into an agreement to acquire Telefonica’s O2 UK, the country’s second-largest mobile operator, for £10.25 billion – subject to EU regulatory approval. Some £9.25 billion will be paid at closing, with …

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Hutch-VimpelCom talks may reach fruition soon

Talks about a merger between VimpelCom’s Wind and Hutchison Whampoa’s Three, Italy’s third and fourth largest mobile groups, are at an advanced stage, the Financial Times reported. Although there is still no certainty about the deal, if it was to …

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3 Group eyeing opportunities as revenue climbs

3 Group will “continue to explore growth opportunities through potential consolidation in markets which the Group currently operates in,” indicating it will continue to be a key dealmaker in the European market. The company has already acquired Telefonica’s O2 Ireland …

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Sovereign wealth funds circling 3 UK/O2 tie-up – report

State-backed funds from China, Singapore and the Middle East are reportedly in discussions to pump “billions of pounds” into a merger between Hutchison Whampoa’s 3 UK and Telefonica-owned O2 in exchange for a stake of up to 30 per cent. …

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Austria’s 2013 spectrum auction upheld

After a number of delays, the Austrian spectrum auction held in 2013 has finally been ruled valid by the country’s highest court, according to Reuters. The ruling, which cannot be appealed, brings to an end the process started by the …

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Hutchison preparing to bid for EE or O2 – report

Following the news earlier this week about BT’s preliminary acquisition talks with EE and O2, it has been reported Hutchison Whampoa is preparing to make an offer of its own for one of the mobile operators.

Austrian auction decision delayed again

A decision on the validity of a spectrum auction held in Austria in 2013 has been delayed once again, with a ruling now expected in December, a court representative told Reuters. The court is deciding whether to annul the auction, …

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