“Three UK owner Hutchison Whampoa is looking at buying O2. This would mean even less mobile operators, with the UK mobile market dropping from four three carriers. Hutchison Whampoa, the owners of Three UK is ready at the stage where it is offering a £9 billion bid for Britain’s second-biggest carrier.
This follows BT’s £12.5 billion bid for EE.”
I am not sure this is good news as less competition could mean higher pricing, redundancies, shop closures but maybe investment in providing a better network service (signal, data speeds).
What do you think about this news?