LONDON/HONG KONG :Vodafone and CK Hutchison finally unveiled the 15 billion pound merger of their British operations on Wednesday, saying the creation of the country's largest mobile operator would be good for the economy.
Vodafone will own 51 per cent and Hutchison 49 per cent of the combined group, which will be led by current Vodafone UK boss Ahmed Essam, the companies said. The finance chief of Hutchison's Three UK, Darren Purkis, will take the same role in the new group. The deal will face prolonged scrutiny from regulators who have previously opposed deals that reduce the number of networks in major markets from four to three.
It said customers would not face extra costs, and there would be flexible, contract-free offers with no annual price increases, plus social tariffs.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Vodafone, Hutchison unveil UK mobile mergerLONDON/HONG KONG :Vodafone and CK Hutchison finally unveiled the merger of their British operations on Wednesday, pledging to create the country's largest mobile operator to boost competition and invest $14 billion in the country.The details came in a long-awaited announcement after the two companies publicly
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Vodafone, Hutchison unveil UK mobile mergerLONDON/HONG KONG :Vodafone and CK Hutchison finally unveiled the merger of their British operations on Wednesday, pledging to create the country's largest mobile operator to boost competition and invest $14 billion in the country.The details came in a long-awaited announcement after the two companies publicly
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
PGA-LIV merger has caused confusion, says US Open holder FitzpatrickLOS ANGELES : The shock merger between the PGA Tour and the rival LIV circuit has left a confusing path forward for golfers, England's Matthew Fitzpatrick said on Monday as he prepared to defend his U.S. Open title.The best players in the world descend upon Los Angeles Country Club this week for the first
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Smith at peace with decision to join LIV Golf after merger newsLOS ANGELES : Cameron Smith is at peace with his decision to join LIV Golf, the Australian said on Monday ahead of the U.S. Open, days after the Saudi-backed tour and the PGA Tour announced their surprise merger.The tournament at the Los Angeles Country Club is the first major since the news, which prompt
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »