It's Official - Vodafone-CK Hutchison Finally Discloses Merger Deal Of UK Businesses
It's Official - Vodafone-CK Hutchison Finally Discloses Merger Deal Of UK Businesses
Per the terms, Vodafone UK will pay £4.3 billion and Three UK £1.7 billion to get ownership in the combined business. Vodafone Group PLC (NASDAQ:VOD) inked a deal with CK Hutchison Group Telecom Holdings Limited (CKHGT) to merge their UK telecommunication businesses.
沃達豐集團有限公司 納斯達克股票代碼：VOD）與長江和記集團電信控股有限公司（CKHGT）簽署了一項合併其英國電信業務的協議。
CKHGT is a subsidiary of CK Hutchison Holdings Ltd (OTC:CKHUY) (OTC:CKHUF).
CKHGT 是其子公司 長江和記控股有限公司 (OTC: CKHUY) (OTC: CKHUF)。
Post-merger of Vodafone UK and Three UK, Vodafone will own 51% of the combined business, and CKHGT will have the remaining 49%.
英國沃達豐和Three UK合併後，沃達豐將擁有合併後業務的51％，CKHGT將擁有其餘49％的股份。
Per the terms, Vodafone UK will pay £4.3 billion and Three UK £1.7 billion to get ownership in the combined business.
根據條款，英國沃達豐將支付43億英鎊，Three UK將支付17億英鎊，以獲得合併後業務的所有權。
The combined company's initial total debt is expected to be about £6.0 billion, of which £1.7 billion will be refinanced.
合併後的公司的初始總債務預計約爲60億英鎊，其中17億英鎊將用於再融資。
The enterprise value of the combined company is expected around £15 billion.
合併後的公司的企業價值預計約爲150億英鎊。
The transaction is anticipated to deliver over £700 million of annual cost and capex synergies by the fifth full year post-deal closure, with an implied NPV of over £7 billion.
預計到交易完成後的第五個全年，該交易將帶來超過7億英鎊的年度成本和資本支出協同效應，隱含淨現值超過70億英鎊。
Also, the merged company expects to incur integration costs of around £500 million post-transaction completion, with the majority anticipated in the first five years.
此外，合併後的公司預計在交易完成後將產生約5億英鎊的整合成本，其中大部分預計將在頭五年內完成。
The current CEO of Vodafone UK, Ahmed Essam, will assume the CEO role in the merged company, while the current Three UK CFO Darren Purkis will take the role of CFO of the combined company.
英國沃達豐現任首席執行官艾哈邁德·埃薩姆將擔任合併後的公司的首席執行官一職，而現任Three UK首席財務官達倫·珀基斯將擔任合併後的公司的首席財務官。
The transaction is expected to close by 2024, subject to regulatory and shareholder approvals.
該交易預計將於2024年完成，尚待監管部門和股東批准。
The combined business will invest over £6 billion in the first five years and £11 billion over ten years in the UK to create one of the leading 5G networks in Europe.
合併後的業務將在頭五年內投資超過60億英鎊，在十年內在英國投資110億英鎊，以創建歐洲領先的5G網絡之一。
"The merger is great for customers, great for the country and great for competition. It's transformative as it will create a best-in-class – indeed best in Europe – 5G network, offering customers a superior experience. As a country, the UK will benefit from the creation of a sustainable, strongly competitive third scaled operator – with a clear £11 billion network investment plan – driving growth, employment and innovation. For Vodafone, this transaction is a game changer in our home market. This is a vote of confidence in the UK and its ambitions to be a centre for future technology," said Margherita Della Valle, Vodafone CEO.
“此次合併對客戶有好處，對國家有利，對競爭也有好處。它具有變革性，因爲它將創建一流的（實際上是歐洲最好的）5G 網絡，爲客戶提供卓越的體驗。作爲一個國家，英國將受益於創建可持續、競爭激烈的第三級運營商——制定明確的110億英鎊網絡投資計劃——推動增長、就業和創新。對於沃達豐來說，這筆交易改變了我們國內市場的遊戲規則。這是對英國及其成爲未來技術中心的雄心投票。” 沃達豐首席執行官瑪格麗塔·德拉·瓦萊說。
Also Read: Vodafone Forms Strategic Alliance With Its Biggest Shareholder; Adds Board Member
另請閱讀: 沃達豐與其最大股東結成戰略聯盟；增加董事會成員
Price Action: VOD shares are trading higher by 1.26% at $9.26 on the last check Wednesday.
價格走勢：在週三的最後一張支票上，VOD股價上漲了1.26％，至9.26美元。
