News Formal

Vodafone, CK Hutchison agree UK mobile business merger

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Talks have been ongoing since last year.

The merger is expected to complete before the end of 2024 and remains subject to regulatory and shareholder approvals — with some analysts questioning whether it will pass the finish line.

"This will be a hard sale given that both companies have been outperforming the market for the last year or so," said Paolo Pescatore, tech, media and telco analyst at PP Foresight. "Let's see if the authorities have a change of heart. Both parties need to demonstrate that this is genuinely in the interest of UK plc, the economy, and consumers for it to have a chance of getting over the line.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vodafone, Three Merge U.K. Operations to Create 5G Giant, Promise $14 Billion InvestmentVodafone Group Plc and CK Hutchison Group Telecom Holdings Limited (CKHGT), a wholly-owned subsidiary of Hong Kong’s CK Hutchison Holdings Limited, have signed formal agreements to merge thei…
Source: Variety - 🏆 108. / 63 Read more »

Vodafone and Three to form new U.K. new mobile company in challenge to BTVodafone Group PLC and CK Hutchison Group Telecom Holdings, a subsidiary of CK Hutchison Holdings Ltd. on Wednesday announced a deal to combine their U.K....
Source: MarketWatch - 🏆 3. / 97 Read more »