Li Ka-shing's Hutchison to buy Telefonica UK for £10.25 billion
Hong Kong-based conglomerate Hutchison Whampoa, controlled by billionaire Li Ka-shing, is in exclusive negotiations tobuy Telefonica’s British mobile division O2 for £10.25 billion (€13.6 billion).
The conglomerate already operates the Three Mobile network in Britain. The combination of Three and O2 will create the largest mobile operator in Britain, with as many as 32 million customers.