Hong Kong's richest man, Li Ka -shing's Hong Kong stock market company chief, and the Group on Monday (October 3), confirmed that Li Jiacheng's subsidiary in the UK is negotiating with Vodafone Group's business in the United Kingdom.After the merger of the two sides, it is expected to become the largest mobile operator in the UK.
Changhe Group stated in the announcement that the company explored and evaluated the opportunities that may occur from time to time to increase the value of shareholders, including possible transactions related to its assets and business.The above -mentioned potential transactions will consolidate the telecommunications business of both parties in the UK. Changhe will hold 49%of the equity of the merger company. Vodafeng holds 51%of the equity. The transaction does not involve cash payments.
According to the Caixin News Agency, through this merger, Changhe's 3 British companies and Vodafone Britain will have a scale advantage to accelerate the pace of 5G network advancement and expand the broadband connection to rural communities and small enterprises.Essence
It is reported that Vodafone is a multinational telecommunications operator and is one of the world's largest mobile communications network companies. It is headquartered in Newbeli in Berkshire, England and Dussendor in Germany.
Walto Britain and 3 Britain are the third and fourth largest mobile network in the UK. After the merger of the two parties, a company with about 27 million mobile customers will exceed the top two British Telecom EE and the current top two British Telecom EE and currently rankingVirgin Media O2.
Vodafone earlier in a statement: "By merging our business, Vodafone Britain will obtain the necessary scale in order to accelerate the launch of a complete 5G in the UK and expand the broadband connection to the rural community to the rural community.And small enterprises. "
Changhe said that the two companies can eventually reach an agreement on whether the two companies can reach the terms or architecture of potential transactions, and the transaction has not been determined at present.However, some media expectations are expected to be reached by the end of this year.
At the end of last month, the GBP exchange rate at the US dollar once went down the 1.04 mark, which was the low value level since 1971.With the depreciation of the pound, Li Ka -shing has lost 3.8 billion US dollars (S $ 5.412 billion) in the exchange rate loss since March.The recent plunge in pounds seems to have allowed Li Ka -shing to speed up the use of assets to stabilize the situation.
On the evening of September 28, Changshi Group announced that all equity of AIM Clever Holdings Limted was sold to Singapore financial institutions Sino-Suisse's enterprises at a cost of approximately HK $ 20.766 billion (US $ 3.768 billion).
Changshi Group said that the sale of the project allows the company to realize the investment in development projects. The buyer's loan will help the transaction.Generally operating funds.
