Vodafone and CK Hutchison are in the final stage of agreeing to merge their British operations, with an announcement expected as soon as Friday or early next week, three sources have told Reuters.
are in the final stage of agreeing to merge their British operations, with an announcement expected as soon as Friday or early next week, three sources have told Reuters.Vodafone will own 51% and Hutchison 49% of the combined group, which could be worth around 15 billion pounds including debt, in line with an announcement made by Vodafone in October, one of the sources said.
The respective stakes would be achieved by adjusting the ownership of debt rather than exchanging cash, the companies said in October. Talks about the deal to create Britain's biggest mobile operator have been protracted. Hutchison's chief financial officer Frank John SixtVodafone's new Chief Executive Margherita Della Valleto agree deals in major markets to improve the pan-European and African operator's performance.
Her predecessor Nick Read identified Britain as one of four markets that would benefit from consolidation, but a lack of progress frustrated shareholders, leading to him stepping down in December. The tie-up will create Britain's biggest mobile operator with about 27 million customers, overtaking BT's
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Exclusive: Vodafone and Hutchison to announce UK merger as soon as FridayVodafone and CK Hutchison are in the final stages of agreeing to merge their British operations, with a long-awaited announcement expected as soon as Friday or early next week, three sources have told Reuters.
Les mer »
Exclusive: Italy's Eni enters exclusive talks to acquire Neptune Energy -sourcesItalian energy giant Eni has entered exclusive talks to acquire private-equity backed gas and oil producer Neptune Energy after sweetening its previous offer to below $6 billion, industry sources said.
Les mer »
Exclusive: Musk's Neuralink valued at about $5 bln despite long road to marketElon Musk's brain implant startup Neuralink, which was valued at close to $2 billion in a private fundraising round two years ago, is now worth around $5 billion based on privately executed stock trades described to Reuters by five sources with knowledge of the matter.
Les mer »
EXCLUSIVE: Etam Will Open Its First U.S. Store in MiamiEtam has chosen Miami for its first freestanding U.S. boutique, selecting a fast-growing city — and an opening date coinciding with peak swimwear season.
Les mer »
Andrew Garfield-Florence Pugh, James McAvoy Movies, and ‘Animal Kingdom’ Lead Studiocanal Cannes Sales Bonanza (EXCLUSIVE)In bumper Cannes dealing, Paris-based European film-TV powerhouse Studiocanal has nearly sold out worldwide on Andrew Garfield-Florence Pugh romantic drama “We Live in Time,” executive produced by …
Les mer »