Reply to post: Re: Expensive

Three drops £250m on UK Broadband

Steven Jones

Re: Expensive

The stories in the financial sections this morning shed rather more light on this. The official justification appears to be that the value is in the spectrum bandwidth owned by the company. It might get become and important asset should it be included in the 5G technical standards.

However, perhaps just as important, 3 is owned by on of the richest man in Asia (Li Ka-shing), and UK Broadband was a venture by his son (Richard). It appears that the price paid will just about cover the investment and accumulated operating losses of UK Broadband...

http://www.telegraph.co.uk/business/2017/02/06/hong-kongs-li-dynasty-trade-uk-assets-three-buys-relish-wireless/

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