UK Mobile Operator Three Acquires UK Broadband For £250m

November 26th, 2019
UK

UK’s Mobile Operator Three UK is in a spree of expanding business as they purchased the company UK broadband for a cool £250m. It also made a failed attempt to purchase O2 for a whopping £10.25bn but, was stroked by the telecom regulators. However, Three does not seem to budge its plans and instead bought UK broadband, which has around 15,000 customers in the UK.

The UK Broadband would be considered as a subsidiary of Three UK and would continue to provide broadband to its customers, albeit it may go through some changes in its policies and the customers would be getting better internet connectivity. Dave Dyson, chief exec of Three UK spoke on their expansion plans and said: “UK Broadband gives us an opportunity to expand our ambition to provide high quality and great value internet connectivity for UK consumers.”

Three UK, Hong Kong-based CK Hutchison, has been trying to buy successful telecom providers since last year, in order to make its business bigger and better in the UK. However, it could not buy O2 purely on the grounds of competition as suggested by the European telecom regulators. The regulators have put many conditions which need to be fulfilled before the transaction can complete. Three UK is UK’s first commercial video mobile network serving customers since 2003. Three UK owns its own mobile networks to provide 3G and 4G services to its customers.

Although, Three has been giving tough competition to broadband providers in the UK, the company is not allowed to rule the market without meeting the conditions suggested by the regulators. The company has 300 retail stores, employs 5,000 people and is widespread across Maidenhead, Glasgow and Reading.

To conclude, price hike seems to be the fever of the season and if broadband providers raise prices than household bills would climb to another level. To protect yourself from future price rises, you must compare broadband packages and switch to the cheapest plan.

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