Whampoa Hutchison


Telefónica sells its Irish business to local rival for €850M

MADRID | The Corner | Spanish telecom giant Telefónica closed the sale of its subsidiary Telefónica Ireland to Hong Kong’s Hutchison Whampoa Group (HWG) for €850 M ($1.2 billion). HWG is also known for its mobile firm Three, the fourth operator in Ireland. Antitrust authorities, which have been expressing their concerns about how this operation might impact on the country’s competition, have now given green light to one of the country’s largest ever telecoms groups.