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News : Talks Over Sale of Mobile Phone Provider Affects Workers
Preston Brook, UK Jan 18, 2015 -- A Hong Kong mobile phone entrepreneur is said to have begun preliminary talks to acquire O2, which employs about 1,400 at its call centre in Preston Brook near Runcorn.
The British mobile phone network could be sold by its current Spanish owners, Telefonica, according to reports.
Earlier this year workers at the Preston Brook site quizzed David Cameron over issues including zero hours contracts, which he said suited some people.
The bid is said to be launched by the Hong Kong's Li Ka-shing, who has a controlling stake in Hutchison Whampoa.
The possibility of an O2 deal follows hard on the heels of a recent move by BT to acquire EE, a British mobile phone provider.
Current O2 owner Telefonica is thought to be keen to use the proceeds of any such sale to reduce its debts.
Posted by Veronica Silva Cusi, news correspondent
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O2 plc has 100% ownership of mobile network operators in three countries - the UK, Germany and Ireland - as well as a mobile Internet portal business. All of these businesses are branded as ''O2''.
Telefónica, S.A. is a Spanish broadband and telecommunications provider with operations in Europe, Asia, North America and South America,. Operating globally, it is the sixth-largest mobile network provider in the world.
Published: Tuesday, January 20, 2015