Spanish Telefonica sells USD11.2b O2 to Hutchison Whampoa
(MENAFN) Telefonica, a Spanish telecom company, is set to sell British telecom O2 to Hong Kong group Hutchison Whampoa (HW) for USD11.2 billion, the Peninsula Qatar reported.
The deal is worth USD15.2 billion, the Spanish firm says, and it will be done by the end of June 2016, a deadline that might be extended to Sep 2016 in certain conditions.
This deal is the newest for HW's owner, who is one of Asia's richest men, a man who's worth USD30.6 billion according to Bloomberg's Billionaires Index.
The deal is worth USD15.2 billion, the Spanish firm says, and it will be done by the end of June 2016, a deadline that might be extended to Sep 2016 in certain conditions.
This deal is the newest for HW's owner, who is one of Asia's richest men, a man who's worth USD30.6 billion according to Bloomberg's Billionaires Index.
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