$31b for company

TELEFONICA has finalised a deal to sell its O2 mobile phone network to Hutchison Whampoa for GBP10.25billion ($F31.26b). The companies said they had reached a “definitive agreement” on a deal, which will create the UK’s biggest mobile operator. Hutchison, run by Hong Kong businessman Li Ka-shing, owns the Three mobile network, the UK’s smallest operator. […]

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