Hutchison Three buys O2, now owns 40 percent of Ireland’s market
In a drastic acquisition, Hutchison Three has bought O2’s share in Ireland’s mobile market; resulting in 40 percent ownership of the entire country’s networks.
O2 Ireland, previously owned by Telefónica, was acquired for a hefty €850 million ($1.1 billion) this morning. The company is sure to hope this will help to ease the company’s current huge debts.
Announced via press release (PDF), Robert...