Three to buy O2 for £9 BILLION?
Not to be sniffed at.
This seems to be the order of the day as BT were tabling a bid of £12.5 billion for EE, and they were also eyeing up O2 as well.
If this bid is successful, the unified Three and O2 network would be the largest in the UK, leaving us all will only three major mobile players, alongside EE and Vodafone. Madness. Absolute madness.
Hutchinson has previous in this area too, as it bought O2 Ireland in 2013 in a €780 million deal. If they have friends in the O2 boardroom, this is a deal that could go through reasonably quickly.
If O2 and Three merge their masts too, then Three would reach their target of 98% coverage in the UK without having to do much building work and the like. Very clever.
Of course, no-one has made an official statement yet, but the rumours are loud and strong, so there's going to be more on this in the coming weeks.