O2’s Purchase by Three

 

O2 purchase by Three confirmed for £10.25bn as operator consolidation continues | Technology | The Guardian:

The owner of the mobile network Three has confirmed it is in exclusive negotiations to acquire O2 UK from Spanish telco Telefonica.

The deal for £10.25bn in cash, including an initial amount of £9.25bn followed by a deferred £1bn, blocks Sky’s reported bids for the network and will make the combined Three and O2 operator the biggest in the UK with a 41% share of the market.

I remain convinced that cellular networking is a dying breed and unless these companies change their business model and product, they will continue to buy each other out until only one remains and by then it will be too late.