Three and O2 could be run as separate companies even after the proposed merger of the two British mobile operators under plans to bring new investors into the group by CK Hutchison.
The Hong Kong conglomerate said that it was “considering the sale” of a stake in Three to a new investor, which would further reduce the amount of cash required from the group to fund the £10.5bn acquisition.
Any new investor would only take a stake in Three, Hutchison said, which could be kept separate from O2.
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