Sky and TalkTalk are both competing on bidding prices to buy the UK’s second largest network, O2. Telefonica – the owners of the network – is currently £32.6bn in debt.
Three is considering a £9bn investment in the network, this would bump their current 8m customers to over 30m. O2 is open to selling the company as they cannot afford their steep debts.
Sky is also looking into buying the company, in order to add a mobile network to their broadband, pay-TV and home phone offer, therefore being equal competition to Virgin Media and TalkTalk. Originally, O2 were looking to be bought by BT, but instead BT opted to by EE for £12.5bn.
Another company also eyeing up the bidding process is Virgin Media.
The Inquirer (21st Jan 2015) [Online] Available from: theinquirer [Accessed on: 22nd Jan 2015]
Wired (21st Jan 2015) [Online] Available from: wired [Accessed on: 22nd Jan 2015]
Mobile News CWP (20 Jan 2015) [Online] Available: mobilenews [Accessed: 22nd Jan 2015]