Three UK-Vodafone tie-up ‘difficult’ to conclude – Hutchison CFO

CK Hutchison will likely finalise a deal on merging its Three UK mobile network with Vodafone’s in Britain, its chief financial officer Frank John Sixt said, but getting the deal over the line was “extremely difficult”.

The companies have been in talks since October to combine Britain’s third and fourth-largest networks in a deal that would be worth around 15 billion pounds ($18.9 billion) and an agreement had been expected imminently.