Super-network edging closer, as Three owner agrees £10bn deal to buy O2

A UK super-network comprising Three and O2 now looks certain to happen, with Hutchison Whampoa in agreeing a £10 billion fee for Telefonica's UK network and only regulator approval now needed for the deal to go through. Exclusive talks have been ongoing between the two since January and the fee has now been agreed at the expected level. With BT buying EE, the UK is looking at three 'super-networks' and a handful of virtual networks from the supermarkets and key media giants like Virgin and Sky,