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Hutchison Whampoa, the company that owns carrier Three U.K., is said to be working on a transaction to purchase Telefonica owned O2. The latter is also a U.K. based carrier and the value of the deal could amount to $13.6 billion. Financing such a deal wouldn't seem to be an issue for Hutchison, which is owned by Hong Kong billionaire Li Ka-shing. Telefonica has hired investment bank UBS to help it determine the fairness of the bid while also developing options that O2 can choose from. Hutchison has hired Moelis & Co. to help it scour the U.K. landscape for possible acquisitions.
Telefonica ... *
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Hutchison Whampoa, the company that owns carrier Three U.K., is said to be working on a transaction to purchase Telefonica owned O2. The latter is also a U.K. based carrier and the value of the deal could amount to $13.6 billion. Financing such a deal wouldn't seem to be an issue for Hutchison, which is owned by Hong Kong billionaire Li Ka-shing. Telefonica has hired investment bank UBS to help it determine the fairness of the bid while also developing options that O2 can choose from. Hutchison has hired Moelis & Co. to help it scour the U.K. landscape for possible acquisitions.Telefonica ... *
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