Hutchison Whampoa plans to sell a one-third stake
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Posted On: 05/08/2015 8:33:01 AM
Hutchison Whampoa plans to sell a one-third stake in its British mobile phone business for $4.3B to five investors - a move that will help it fund its boldest bet in Europe yet. In January, Hutchison (OTCPK:HUWHY) agreed to buy Telefonica's (NYSE:TEF) British mobile unit O2 for £10.25B ($16B), merging it with its U.K. subsidiary to create the largest wireless carrier in the country.
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