|Bid||0.00 x 1800|
|Ask||0.00 x 36200|
|Day's range||10.87 - 10.97|
|52-week range||9.94 - 17.68|
|Beta (5Y monthly)||0.60|
|PE ratio (TTM)||10.59|
|Forward dividend & yield||0.93 (8.32%)|
|Ex-dividend date||23 Nov 2022|
|1y target est||N/A|
CK Hutchison is in talks with Scandinavian telecoms group Telenor about merging their businesses in Denmark and Sweden, as the Hong Kong-listed group seeks to drive a wave of consolidation across European telecoms. The conglomerate, which owns Three’s operations in the UK, Ireland and other European countries, said on Thursday it had been in active discussions about potential mergers for its businesses in Denmark and Sweden, as it pursued an “asset-light” strategy. Two people familiar with the matter told the Financial Times that CK Hutchison has been in talks with Telenor, a Norway-based telecoms company, about a potential deal to combine their Danish and Swedish telecoms operations.
Three’s investment in its network is unsustainable in the long term unless it merges with Vodafone, the mobile network’s boss has admitted.
LONDON (Reuters) -The chief financial officer of Hutchison's Three UK said talks with Vodafone about combining their networks in Britain were "progressive and positive", although he declined to comment on the outcome. Discussions "are moving in the right direction", Darren Purkis added in an interview after the mobile operator reported results on Thursday. Vodafone said in October it was in talks with its smaller rival to combine the country's third and fourth biggest networks, with an ownership split of 51% Vodafone and 49% Three's owner, Hong Kong's CK Hutchison.