Telefonica to sell 02 for 10 billion pounds to Hutchison Whampoa: FT

Reuters News
Posted: Jan 22, 2015 5:23 PM

(Reuters) - Telefonica SA <TEF.MC> is set to agree to a cash deal of 10 billion pounds ($15 billion) to sell 02, its British mobile company, to Hong Kong tycoon Li Ka-shing's Hutchison Whampoa Ltd <0013.HK>, the Financial Times reported on Thursday.

The deal is expected to be announced as early as Friday, the FT reported, citing sources familiar with the matter.

(Reporting by Shivam Srivastava in Bengaluru; Editing by Richard Chang)