Three Ireland completes purchase of O2 in Ireland
15 July 2014 | 0
Three Ireland has completed its acquisition of O2 in Ireland.
The company will now set about integrating the former Telefonica owned O2 Ireland into its business.
“This is a big day for the Irish telecoms market,” said Robert Finnegan, CEO, Three Ireland. “We will now get down to the task of combining the strengths and talents of the two businesses to create a major force in the Irish mobile market, which will be good for competition, good for consumers and good for Ireland.”
In June of 2013 Three Ireland announced that it made an agreement with Telefónica to buy O2 in Ireland for €780 million. The European Commission approved the acquisition, subject to certain conditions, on 28 May 2014.
The acquisition takes Three’s Irish market share to 37% and brings subscriber numbers to more than 2 million active users.