PCCW shares surge on sale of United Kingdom broadband business to CK Hutchison

Owned by CK Hutchison Holdings, and boasting stakes in mobile operations in Australia, Austria, Denmark, Hong Kong, Indonesia, Ireland, Italy, Macau, Sri Lanka, Sweden and Vietnam, Three is the youngest of the UK's major mobile carriers, setting up as late as when 3G came to the United Kingdom, subsequently reeling in users with cheap unlimited or high-cap data plans. This spectrum can not now be used for mobile services, but has been earmarked as possible bands for 5G services.

In addition to the purchase price, a deferred £50m will be made available by Three as a credit towards the establishment of a mobile virtual network operator on Three's mobile network.

Relish has been working hard to crack the UK fixed wireless market making use of the band it holds the licence for in the 3.5 GHz and 3.6 GHz bands and it looks likely that this band has convinced three to pay some £250m for Relish who are otherwise known as UK Broadband in the UK.

The deal will help Three grow its spectrum capacity which might come in handy for launching 5G services in the future.

Home-Fi launched across 135 stores based in non-congested areas of the mobile operator's network, and sees a router connected using a SIM for connectivity.

Three UK has reached an agreement to acquire UK Broadband Limited.


In the campaign, Three accused BT and Vodafone of harming competition by holding on to a high proportion of spectrum, some of which the Hutchison subsidiary claims is being left unused.

Since being refused permission to buy O2, Three has been lobbying hard for Ofcom to address the perceived unbalanced distribution of spectrum in the UK.

Mann said: "Although Three will acquire new spectrum, the acquired band is not compatible with most of today's mobile devices, meaning that it can not be put to immediate use".

The Relish brand is probably the most well-known element of UK Broadband's offerings, providing high-speed internet via 4G frequencies, removing the need for fixed connections to achieve coverage.

"Three remains in a precarious position as a mobile-only provider in a United Kingdom market rapidly evolving to multiplay services", he said.

Related News:

  • USA  officials delay interviews with asylum seekers in Australian camps, report says

    USA officials delay interviews with asylum seekers in Australian camps, report says

    Australia's offshore detention camps have often been criticized by the United Nations watchdogs for harsh conditions. Rintoul said protesters wanted refugees in offshore detention at Nauru and Manus Island to be brought to Australia.

    HBC reportedly makes takeover approach to Macy's; shares rise

    Hudson's Bay Company is among the list of companies that Macy's Inc may be interested in selling itself to. Outgoing Macy's CEO Terry Lundgren is retiring from the top spot this year but will stay on as chairman.
    GOP senators oppose DeVos as education secretary

    GOP senators oppose DeVos as education secretary

    Lisa Murkowski of Alaska and Susan Collins of ME both said on Wednesday that they would oppose DeVos's nomination. Al Franken (D-MN) no Democrat is going to support DeVos.
  • Knesset passes historic bill to legalize settlements on Palestinian land

    Emboldened by the Trump administration, the Israeli government is expanding settlement construction at an alarming new rate. Pro-settlement groups, including parts of Israel's right-wing government, had sought to save it from demolition.

    Ford Shipping F-150 Raptors to China

    Ford has taken its super-truck, the 2017 F-150 Raptor, to China, cashing in on the growing appetite there for unusual Americana. According to David Schoch, head of Ford Asia Pacific, the vehicle has "generated wonderful buzz" every time it's been shown.

    AFCON 2017:Hector Cuper has managed to correct previous mistakes-Wael Gomaa

    Cuper said: " Mohsen looks to have a serious problem with a knee but we will need to carry out more detailed tests ". We saw how both teams missed scoring chances.
  • Kate Middleton Would Have Better Valentine's Plans Than Everyone Else

    Instead, the Duchess will be heading to Cambridgeshire outside of London, England, to meet air cadets at an air force base. Heads Together is a charity which is backed by the royals and aims to promote mental well-being in young people .

    Senate Committee Approves Pruitt As EPA Head

    Pruitt has sued the EPA repeatedly to prevent it from enforcing the law and even from relying on clear scientific evidence. Suh urges the full Senate to reject Pruitt's nomination because he's "uniquely unfit for the job".

    Ulster County Building to Highlight 'National Wear Red Day'

    Your youth also doesn't excuse you from more "traditional" heart issues like heart attacks , clogged arteries, and strokes. Volunteers knitted the red hats themselves and have delivered them to metropolitan hospitals for the babies to wear.
  • Twenty-First Century Fox, Inc. Reveals 14% Rise In Q2 Earnings

    The return on equity ( ROE ) measures the company's profitability and the efficiency at which it is generating those profits. Twenty-First Century Fox, Inc . has earnings per share of $ 1.53 and the earnings per share growth for this year is -63.90%.

    New UN Report Chronicles Abuses Against Myanmar Rohingya

    One mother recounted how her five-year-old daughter was murdered while trying to protect her from rape. An estimated 69,000 Rohingya have fled to neighbouring Bangladesh since the unrest began on October 9.

    'Sharkwater' documentary director Rob Stewart found dead

    Rob Stewart also directed and produced the 2012 documentary Revolution , which focused on other threats to the environment. Stewart's team is fundraising and looking for volunteers via Stewart's Twitter account to continue the search.


Most liked

Australian senator to launch new conservative party as shift to right grows
Fellow backbencher Russell Broadbent is said to have also criticised Senator Bernardi for not turning up to the meeting.

Netanyahu asks Prime Minister May to consider new sanctions on Iran
She said she believed there was "much more we can do" and it was important to look at how "we can build that relationship". The Number 10 summit was May's first face-to-face with Netanyahu since she became prime minister in July.

Emergency in Chapel Hill: Don't drink the water
But the treatment plant's output required testing before the utility could safely advise customers to use their water again. MORE: No water at UNC, students respond on social mediaBusiness owners affected by the emergency were clearly frustrated.

Trump praises black icons: He does know Frederick Douglass is dead, right?
One such man was Frederick Douglass , the ex-slave turned abolitionist, author, suffragist, editor and diplomat. Douglass, who died in 1895, is getting a lot of attention and praise this week for doing an "amazing" job.

Viola withdraws himself from consideration for secretary of Army
On Friday, Viola announced that he would be withdrawing his name from the nomination, according to ABC News . Viola, a Brooklyn native, served in the 101st Airborne Division during Vietnam.

Jordan Farmar Impresses Cavaliers In Workout
But despite the history between the two players, LeBron said he'd have no problem with Stephenson joining the roster. Farmar played in two games for the Sacramento Kings this season before Darren Collison returned from his suspension.

Gavin McInnes speaking at NYU, protests underway
NY police officers stepped in to form a barrier between the protesters and McInnes supporters. Once McInnes was in the building, protesters followed and chanted as he tried to speak.

Police seek man who threw homemade explosive into California Cheesecake Factory
The Cheesecake Factory , police, and the Federal Bureau of Investigation did not receive any threats, Gourdikian said. Gourdikian says investigators believe the device was "made to make a loud bang, which it did".

DeVos nomination in trouble as 2 senators announce dissent
According to The Hill , Murkowski spoke after Collins and said she too would be unable to vote for DeVos' confirmation. They also said they're concerned with DeVos' lack of knowledge about a 40-year-old law governing special education.

Ban Ki-moon rules out presidential run
Her relationship with close friend, Choi Soon-sil reportedly led to the latter's growing influence and financial benefits. Ban, during a hastily arranged news conference, said he was disappointed by the country's political establishment.

French parliament raided by investigators in Francois Fillon probe
With the inquiry gathering pace, party officials began to wonder whether, and how, they might replace him. The poll was carried out online on Monday and Tuesday among 974 people. "I'm confident, I'm unperturbed".

Kim Kardashian Stolen Jewelry Melted Down for Pennies
Kim Kardashian West also has yet to comment on the recently released confession of the robbery's mastermind. It detailed the events that took place on the day she was robbed inside her hotel room.

Predicted Liverpool Lineup vs Chelsea: Klopp to make late Mane decision
I mean, Tuesday January 31. "He is kind of an option for the Chelsea game. Even they left the Capital One Cup before we did.

Trump Calls Top Senate Democrat's Emotional Response to Muslim Ban 'Fake Tears'
John McCain is exactly right. "The orders make us less humanitarian, less safe, less American", Schumer added. The White House began a damage control effort on Sunday evening that continued into Monday.

Ayew brothers help Ghana reach semis, Egypt edge Morocco
But instead it is Egypt who progress to the last four, their bid to win the title for a record eighth time still very much alive. They are the sons of Ghana football legend Abedi "Pele" Ayew , ranked among the greatest African footballers of all time.