Owner of Three UK will purchase O2 for £10.25 billion
Three UK owner Hutchison Whampoa has agreed to purchase O2 UK from Telefónica for £10.25 billion. Talks between Hutchison Whampoa and Telefonica began in January of this year. Now this is all but a done deal, with approval needed from British regulators, which is expected to take up to a year.
Together, Three and O2 have the largest number of subscribers in the UK, followed by rivals Vodafone and EE. O2 currently has around 22 million subscribers, while Three has around 8 million.
Source: O2 (opens in new tab), Telefónica
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Moving to EE was the best thing I did. Amazing signal and customer service has been really helpful to me on the couple of times I've rang them.