topic Re: O2 will be bought by 3? in Discussions & Feedback

O2 will be bought by 3?

cyrillicguy — Fri, 23 Jan 2015 11:33:34 GMT

http://www.dailymail.co.uk/news/article-2922769/Three-swallows-02-10bn-phone-takeover-Giant-bought-smaller-rival-create-Britain-s-largest-mobile-group.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490

Re: O2 will be bought by 3?

Anonymous — Fri, 23 Jan 2015 11:34:51 GMT

Lots of speculation.

Time will tell.

Re: O2 will be bought by 3?

cyrillicguy — Fri, 23 Jan 2015 11:36:48 GMT

According to the article, it's a done deal. Just waiting for the European Commission approval.

Re: O2 will be bought by 3?

MI5 — Fri, 23 Jan 2015 11:49:56 GMT

As we already have a number of similar threads running may a mod could merge them all, please?

@Toby

Re: O2 will be bought by 3?

jonsie — Fri, 23 Jan 2015 12:37:17 GMT

@cyrillicguy wrote:
According to the article, it's a done deal. Just waiting for the European Commission approval.

So next year then....

Re: O2 will be bought by 3?

Anonymous — Fri, 23 Jan 2015 12:53:31 GMT

It is anything BUT a done deal @cyrillicguy

Both the UK and EU regulators will be all over this and it might take months to get approval if it ever does.

However given some other countries in Europe have seen a reduction to 3 networks I suspect given some agreements on spectrum and competition concerns on MVNO's that it will eventually get the nod in some form.

Re: O2 will be bought by 3?

cyrillicguy — Fri, 23 Jan 2015 13:09:03 GMT

@Anonymous wrote:
It is anything BUT a done deal @cyrillicguy

Both the UK and EU regulators will be all over this and it might take months to get approval if it ever does.

However given some other countries in Europe have seen a reduction to 3 networks I suspect given some agreements on spectrum and competition concerns on MVNO's that it will eventually get the nod in some form.

99.99% probability that they'll get a go-ahead, imo. Ok, it'll take some time, but it's likely to happen. They got it in Ireland, and look at Germany - it used to have 4 networks, but two of them - O2 and EPlus are both owned by Telefonica now. Not to mention a relatively recent example of Orange+T-Mobile=EE in the UK. I can hardly believe myself that here we used to enjoy benefits of 5 mobile networks competing for our custom, and now we are almost certainly down to 3. 😞

Re: O2 will be bought by 3?

Anonymous — Fri, 23 Jan 2015 13:17:18 GMT

They've still got to agree a price for a start, and then let competion regualators have a look...

Re: O2 will be bought by 3?

jonsie — Fri, 23 Jan 2015 13:23:12 GMT

It's going to have to be agreed by the Monopolies Commission before the ultimate decision if necessary by the European Commission. It all takes time but I'm sure that some agreement will be forthcoming.

Re: O2 will be bought by 3?

Toby — Fri, 23 Jan 2015 13:49:28 GMT

@MI5 wrote:

As we already have a number of similar threads running may a mod could merge them all, please?

@Toby

Hi @MI5 ,

I'll merge all others to this thread from now on so please report them as normal. I've left the others, as they started out relating to rumours.

is O2 being tken over?

Teen69 — Fri, 23 Jan 2015 20:15:14 GMT

I caught the end of a news bulliten this monring about O2, is it being taken over ?

Re: is O2 being tken over?

Anonymous — Fri, 23 Jan 2015 20:18:35 GMT

A few conspiracy theories that have been discussed in other threads recently on the forum.

Only time will tell.

Re: is O2 being tken over?

Teen69 — Fri, 23 Jan 2015 20:24:40 GMT

not sure I will be too happy, had internet use with 3 for 2 years, they left me without internet for 2 months whilst studying for a degree, very frustraiting. definately will not use 3!! thank you for your feedback

Re: is O2 being tken over?

Anonymous — Fri, 23 Jan 2015 20:27:54 GMT

It's all a bit 'pie in the sky' right now with the media whipping up stories etc.

Re: is O2 being tken over?

Cleoriff — Fri, 23 Jan 2015 20:28:06 GMT

http://community.o2.co.uk/t5/Discussions-Feedback/Three-UK-s-owner-is-reportedly-plotting-a-9-billion-bid-for-O2/td-p/841139

Re: is O2 being tken over?

Cleoriff — Fri, 23 Jan 2015 20:30:07 GMT

BBC news have it on all day...so looks as if it is true...though not sure who will be the lucky dip winner Three looks to be the one of choice...so far...

Re: is O2 being tken over?

Anonymous — Fri, 23 Jan 2015 20:51:47 GMT

Is o2 being taken over? The reality is:

Hutchison Whampoa, parent company to Three UK has entered into exclusive discussions with Telefonica SA, parent company of o2 uk, and are now commencing due diligence in relation to a potential acquisition of o2 uk for a consideration of up to £9.25 bn plus up to a further £1bn based on future performance.

HW stated that there is no certainty that a deal would be concluded.

The proposed acquisition is subject to regulatory clearance both by OFCOM and EU Competition Authorities.

Re: is O2 being tken over?

anticpated — Fri, 23 Jan 2015 21:08:21 GMT

Did you see the guys name, Lu Kach Ching! Or something similar. Love irony.

Re: is O2 being tken over?

Anonymous — Fri, 23 Jan 2015 21:18:04 GMT

Yep 86 years old and Asia's richest man worth £billions. Who's laughing now?

Re: is O2 being tken over?

Cleoriff — Fri, 23 Jan 2015 21:25:56 GMT

@Anonymous wrote:
Yep 86 years old and Asia's richest man worth £billions. Who's laughing now?

Who needs all that money at his age? I may send him my address....