GIC to buy stake in Hutchison's mobile business
It has 4 fellow investors in £3b deal
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
GIC will, together with four institutional investors, acquire a 33 per cent stake in British mobile operators Three UK and O2 UK from Hong Kong-listed Hutchison Whampoa Limited for £3.1 billion (S$6.39 billion).
The Singapore sovereign fund on Friday said it will invest £1.1 billion alongside the other four investors in Hutchison 3G UK Holdings (CI) Ltd, which is the combined Three UK and O2 UK business.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
