Telefonica, has sold O2 Ireland to Three Ireland for just over £650 million.
Telefonica has serious debt problems in Europe not at least on home soil where Spanish users have defaulted on contracts due to the high volume of unemployment.
Along with this is they are looking for the cheapest PAYG deals, and keeping their current phones.
The deal is subject to approval but this is expected to go through without any problem.
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Dave Thornton
Been involved in technology for many years, more than I care to remember. Live in Dundee, Scotland. I like Android, Windows Phone OS, BlackBerry OS and iOS, and love writing about all things techie. Currently have a Honor 6+, Elephone P6000, Nexus 5, Chrombook C720, HTC One M7, Nokia Lumina 625, Microsoft Lumia 435, Blackberry Q10, HTC Hero and iPad mini
Latest posts by Dave Thornton (see all)
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