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Vodafone, Hutchison Whampoa to Merge Australian Networks

Vodafone and Hutchison Whampoa have announced plans to merge their Australian networks to form a single mobile operator. Both companies will own 50% of the joint venture - which will retain the Vodafone brand name, although they retain the rights to the "three" brand as well. To equalise the value difference between the respective businesses, Vodafone will receive a deferred payment of A$500 million (US$337 million) from the joint venture company, VHA (Vodafone Hutchison Australia).  more

Related Tags: itu, vodafone, hutchison, hutchison-whampoa, Australia