Published: Wed, February 08, 2017
Industry | By Faith Ward

Three UK agrees £250m deal for UK Broadband

Three UK agrees £250m deal for UK Broadband

UK Broadband operates the Relish service in central London and a number of other networks across the UK.

The CEO of Three, Dave Dyson, said: "UK Broadband gives us an opportunity to expand our ambition to provide high quality and great value internet connectivity for UK consumers".

Reports emerged last autumn suggesting UK Broadband was holding talks for a national agreement with some of Britain's mobile operators in hopes of expanding its network. The acquisition of UK Broadband may go some way to redressing Three's grievances, giving it access to more spectrum to support its mobile services, and a foothold in the home broadband market, where both EE and Vodafone are also present. £50 million of the £250 million will be used as credit towards an MVNO agreement with Three.

After being smote by regulators in its attempt to buy O2 for £10.25bn, Three has snapped up UK Broadband for a cool £250m instead.

Three UK is a communications company focused on making the industry better for everyone.

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Three said that as part of the deal it would gain UK Broadband's 15,000 customers as the unit becomes a full subsidiary of the firm.

Three, which has been openly critical of United Kingdom regulator Ofcom, has called for spectrum caps as part of the Make the Air Fair campaign it launched past year alongside rivals including Relish. UK Broadband was nearly certain to take part given its aspirations to expand its service beyond London, Swindon and Reading.

Mann said: "Although Three will acquire new spectrum, the acquired band is not compatible with most of today's mobile devices, meaning that it can not be put to immediate use".

UK Broadband is owned by Hong Kong operator PCCW and launched in 2014 a LTE network in London offering broadband services under the name Relish.

Three UK is now owned by CK Hutchison, which has mobile holdings around the world, including Australia, Europe, and Hong Kong.

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