A deal has finally been agreed on the purchase of O2 by Three, with figures set at £10.25bn for the company’s takeover. The merge between the companies will soon take place following approval by regulatory which could take up to a year to complete, making O2/Three the biggest mobile provider in the UK at a market share of 41%.
This merge really will make the two companies a huge market leader, storming past the mere 29% market share that EE currently holds. With Three being known for their great deals and O2 for their customer service, they could become the UK’s “most customer-centric mobile operator” since EE’s only reputation is in network coverage and download speeds.
This is the second major acquisition this year, with BT re-entering the mobile market with their purchase of EE for £12.5bn which is also currently under regulatory approval.