are close to agreeing a merger of their UK telecoms businesses, two sources said, in an expected 15 billion pounds deal that would create the country's biggest mobile operator.
Negotiations, which have been protracted, are expected to be completed this month, one of the sources familiar with the matter said. The second source said an announcement could come "very soon". The tie-up - with a planned ownership split of 51% Vodafone and 49% Hutchison, the Hong-Kong telecoms-to-ports conglomerate part-owned by billionaire Li Ka-shing - is likely to face intense regulatory scrutiny.officials in March to seek political support for the deal, three sources told Reuters last month.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNN set to unveil major brand refresh at Warner Bros. Discovery upfrontCNN CEO Chris Licht marks one year on the job with a network rebrand, upcoming ad campaign, and a Trump town hall
Source: BusinessInsider - 🏆 729. / 51 Read more »