-- Vodafone and CK Hutchison are poised to agree to a 15 billion-pound (US$18.8 billion) combination of their United Kingdom telecom businesses, the Financial Times reports, citing unnamed sources.

-- The companies are expected to announce the deal this month, FT reports.

-- The deal would value the equity of the combined group at about GBP9 billion, and the new entity would own roughly GBP6 billion of debt, taking its enterprise value to about £15 billion, Financial Times reports.

Full story: https://on.ft.com/3ntB60x

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

May 04, 2023 01:09 ET (05:09 GMT)

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