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
Vodafone Group PLC (NASDAQ:VOD) inked a deal with CK Hutchison Group Telecom Holdings Limited (CKHGT) to merge their UK telecommunication businesses.
沃达丰集团有限公司 纳斯达克股票代码：VOD）与长江和记集团电信控股有限公司（CKHGT）签署了一项合并其英国电信业务的协议。
CKHGT is a subsidiary of CK Hutchison Holdings Ltd (OTC:CKHUY) (OTC:CKHUF).
CKHGT 是其子公司 长江和记控股有限公司 (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%.
英国沃达丰和Three UK合并后，沃达丰将拥有合并后业务的51％，CKHGT将拥有其余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.
根据条款，英国沃达丰将支付43亿英镑，Three UK将支付17亿英镑，以获得合并后业务的所有权。
The combined company's initial total debt is expected to be about £6.0 billion, of which £1.7 billion will be refinanced.
合并后的公司的初始总债务预计约为60亿英镑，其中17亿英镑将用于再融资。
The enterprise value of the combined company is expected around £15 billion.
合并后的公司的企业价值预计约为150亿英镑。
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.
预计到交易完成后的第五个全年，该交易将带来超过7亿英镑的年度成本和资本支出协同效应，隐含净现值超过70亿英镑。
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，合并后的公司预计在交易完成后将产生约5亿英镑的整合成本，其中大部分预计将在头五年内完成。
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.
英国沃达丰现任首席执行官艾哈迈德·埃萨姆将担任合并后的公司的首席执行官一职，而现任Three UK首席财务官达伦·珀基斯将担任合并后的公司的首席财务官。
The transaction is expected to close by 2024, subject to regulatory and shareholder approvals.
该交易预计将于2024年完成，尚待监管部门和股东批准。
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.
合并后的业务将在头五年内投资超过60亿英镑，在十年内在英国投资110亿英镑，以创建欧洲领先的5G网络之一。
"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.
“此次合并对客户有好处，对国家有利，对竞争也有好处。它具有变革性，因为它将创建一流的（实际上是欧洲最好的）5G 网络，为客户提供卓越的体验。作为一个国家，英国将受益于创建可持续、竞争激烈的第三级运营商——制定明确的110亿英镑网络投资计划——推动增长、就业和创新。对于沃达丰来说，这笔交易改变了我们国内市场的游戏规则。这是对英国及其成为未来技术中心的雄心投票。” 沃达丰首席执行官玛格丽塔·德拉·瓦莱说。
Also Read: Vodafone Forms Strategic Alliance With Its Biggest Shareholder; Adds Board Member
另请阅读: 沃达丰与其最大股东结成战略联盟；增加董事会成员
Price Action: VOD shares are trading higher by 1.26% at $9.26 on the last check Wednesday.
价格走势：在周三的最后一张支票上，VOD股价上涨了1.26％，至9.26美元。