Telefonica, Hutchison Whampoa Confirm Negotiations Over O2 Acquisition

Telefonica, owner of British carrier O2, and Hutchison Whampoa, the parent company of competitor Three, have confirmed they are in talks over a potential acquisition, following earlier reports. The two have entered “exclusive negotiations,” which could see O2 change hands for an estimated £10.25 billion ($15.4 billion) if discussions between the executive teams succeed. According […]