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Hutchison to buy Telefonica unit O2 for £10.25b

Takeover by Three Mobile network owner will make it top mobile operator in Britain

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Published Fri, Jan 23, 2015 · 09:50 PM

    Hong Kong

    LI Ka-shing's Hutchison Whampoa Ltd has agreed to buy Telefonica's British mobile unit O2 for up to £10.25 billion (S$21 billion), as Asia's richest man makes his boldest bet yet to revamp his European telecoms business.

    Hutchison already operates the Three Mobile network in Britain, and buying second-ranked O2 from the Spanish group in Mr Li's biggest ever takeover will make it the top mobile operator in the country.

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