CK Hutchison Holdings, one of the two flagship companies of Hong Kong's richest man, Li Ka-shing, has terminated a plan to form a new Italian telecoms company with Swedish private equity firm EQT Infrastructure, 10 months after its announcement. The Hong Kong conglomerate had planned to transfer its network equipment and wholesale mobile and fixed communications services business in its Italian mobile business Wind Tre to EQT Infrastructure. However, the deal fell through as "the conditions prec
Vodafone has said it is cooperating with a national security review into its planned £15bn merger with Chinese-owned rival Three.
LONDON (Reuters) -Britain's antitrust watchdog has launched an investigation into the $19 billion merger between Vodafone's UK operation and CK Hutchison's Three UK, reviewing whether the deal will hurt competition, it said on Friday. The tie-up announced last year will reduce the number of mobile networks in Britain from four to three. The Competition and Markets Authority (CMA) has 40 working days to complete its initial investigation, which is likely to lead to an in-depth, phase two probe lasting 24 weeks.