Three UK CEO rules out bid for rival O2

2 Apr 2014

Dave Dyson, the chief executive of UK mobile network operator Hutchison 3G UK, which offers services under the ‘Three’ banner, has reportedly ruled out a bid for rival cellco O2 UK. According to British broadsheet The Daily Telegraph, suggestions that the two British operators could follow in the footsteps of Hutchison Whampoa and Telefonica’s respective Irish subsidiaries – Three UK announced plans to acquire O2 Ireland last year – are unlikely. ‘I’m comfortable with our position. We don’t need to be consolidated or to consolidate anybody … We’re not looking to acquire or to be acquired. I think we’ve got an opportunity to build a standalone business that delivers against customer and shareholder expectations,’ the executive was cited as saying.

United Kingdom, Hutchison 3G UK (Three UK), O2 UK