$13.8bn sale of O2 to Three’s parent company Hutchison Whampoa is going ahead

Hutchison Whampoa, the parent company of UK mobile operator Three, has today confirmed that its purchase of rival UK network O2 will proceed, subject to final approvals. In January, the operator confirmed that it had been in talks to take over the O2 brand in the UK in a deal valued at £10.5 billion ($15.7 billion). According to the Wall Street Journal today, the value of the sale is actually £9.25 billion (around $13.8 billion). Hutchison could also have to pay up to one billion pounds more if O2 meets its targets. Exactly what impact this will have on customers of either…

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