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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.
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Category:Telecommunications