Hutchinson Wampoa already owns one mobile network in the UK, the company owns Three, and now according to a recent report that are interested in acquiring another major UK network.
According to a report by Bloomberg, Hutchison Wampoa are interested in acquiring O2 which is currently owned by Telefonica.
The company may pay as much s £9 billion or $13.6 billion to purchase O2 in the UK, Telefonica have been looking for a buyer for the network.
There are other rumored deals for the UK mobile carriers, as we heard previously that EE and British Telecom were in talks on a possible merger.
O2 has also apparently been in talks with BT about a possible deal, British Telecom are looking to get back into the mobile market. O2 originally started as a BT company back in 1985, the company was called Cellnet when it launch.
It will be interesting to see which of the interested companies manages to buy O2, if Hutchison Wampoa buys them, then the company could combine O2 with Three to form a larger network in the UK and possibly take on EE, who are the top 4G network at the moment in terms of subscribers.Filed Under: Mobile Phone News, Technology News