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Three UK and O2 UK in £10.25bn merger

Three UK is set to buy O2 UK in a deal worth £10.25bn.

Three UK, O2 UK, merger, £10.25bn, billion, deal, mobile phone, network, provider, Telefonica, Hutchison Whampoa

Hutchison Whampoa, who owns Three UK, has reached an agreement with Telefonica, the company that own the UK arm of the O2 mobile network, to buy it outright.

The deal, worth £10.25bn will see Three become the largest network provider in the UK with an audience share of 41 per cent, its next closest rival being EE with 29 per cent.

The deal still has some way to go before being fully finalised, so you should expect to see changes in the High Street and your networks some time in late 2015 or early 2016, so there’s plenty of time for anyone worried about current contracts to decide whether to stay or go.

O2’s statement says that this deal will ‘result in the creation of the most customer-centric mobile operator in the UK.’ and it is hard to disagree as Three are well known for providing very cheap deals to customers and O2 has a wealth of experience in the market and a number of loyal customers.

What do you think about this merger? Will it make you more likely to take out a Three contract? Let us know.

If you are looking for a new phone, check out our in-depth, hands-on review of the Samsung Galaxy S6 in issue 49 of Android magazine, available in newsagents, supermarkets and online here.