Vodafone, CK Hutchison Set to Unveil GBP15 Billion U.K. Tie-Up , FT Reports
04 Mai 2023 - 7:24AM
Dow Jones News
-- Vodafone and CK Hutchison are poised to agree to a 15
billion-pound (US$18.8 billion) combination of their United Kingdom
telecom businesses, the Financial Times reports, citing unnamed
sources.
-- The companies are expected to announce the deal this month,
FT reports.
-- The deal would value the equity of the combined group at
about GBP9 billion, and the new entity would own roughly GBP6
billion of debt, taking its enterprise value to about £15 billion,
Financial Times reports.
Full story: https://on.ft.com/3ntB60x
Write to Yifan Wang at yifan.wang@wsj.com
(END) Dow Jones Newswires
May 04, 2023 01:09 ET (05:09 GMT)
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