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Home › hutchison

 

Tag: hutchison

CK Hutchison hits back at CMA's 3UK/O2 warning

2016-04-11 02:00:00| Total Telecom industry news

Hong Kong conglomerate says proposed remedies go far beyond those offered in other telco mergers.

Tags: back hits warning hutchison

Hutchison agrees network deals with Sky, Virgin - report

2016-04-07 10:53:00| Telecompaper Headlines

(Telecompaper) Hutchison is understood to have agreed capacity deals with Sky and Virgin Media worth GBP 3 billion for space on the extended mobile network of Three/O2, reports The Telegraph. Hutchison made its final offer of concessions to EU regulators on 06 April as it looks to win approval for the takeover of O2. Sources indicate that Sky has agreed to take a 20 percent share for more than 10 years if the takeover is approved, at a cost of more than GBP 2 billion. Virgin agreed it could take 10 percent of capacity on the merged network. The Virgin Mobile service is currently hosted on the EE network, and Virgin could still choose to stay with EE if new owner BT offers better terms. EU regulators have until 15 May to decide whether to approve the deal.

Tags: report network deals sky

UPDATE 1-EU opens in-depth investigation into Hutchison, Vimpelcom Italian deal

2016-03-30 17:25:34| Telecom - Topix.net

European Union antitrust regulators have opened an in-depth investigation into Hutchison's planned merger of its Italian mobile telecoms business with Vimpelcom's, on concerns it could lead to higher prices for consumers. "The Commission has concerns that the transaction could lead to higher prices, less choice and reduced innovation for mobile customers in Italy," the European Commission said in a statement on Wednesday.

Tags: update deal italian investigation

Hutchison China Meditech IPO: Don't Ignore This Potential Chinese Pharmaceutical Giant

2016-03-23 15:11:43| Agriculture - Topix.net

After 10 years of trading on the London Stock Exchange, investors in America are getting easier access to a promising Chinese pharmaceutical company. Hutchison China MediTech Limited hit the U.S. stock market with American Depository Shares.

Tags: china potential chinese ignore

Hutchison offers plan to keep 3, O2 separate after takeover

2016-03-17 10:01:00| Telecompaper Headlines

(Telecompaper) CK Hutchison has confirmed plans to keep the 3 and O2 UK businesses separate after its takeover of O2, in order to gain regulatory approval for the takeover of O2 from Telefonica. In its annual earnings report, Hutchison said it was considering the sale of a stake in 3 UK to a new investor in order to help reduce the cash required for the acquisition. If the new investment goes ahead, the group will consider implementing "a revised business structure that would maintain the continuity and separation of the 3 UK and O2 UK businesses". Hutchison said this would be aimed at achieving benefits in terms of operational strategy and focus, regulatory approvals and contractual obligations, while preserving financial and operational efficiencies and savings expected from the acquisition of O2 UK. 

Tags: plan offers separate takeover

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