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O2+3= #1

23 January 2015 By Fiona Maharg-Bravo

The Spanish telco will sell its O2 arm to Hutchison Whampoa for up to 10.3 bln pounds, or a solid 7.3 times 2015 EBITDA. That’s good for the debt-laden seller, left out when BT opted to buy the bigger EE instead. A stronger Hutchison and a bigger BT will shake up UK telecoms.

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