CK Hutchison to Sell VodafoneThree Stake for $5.81 Billion

CK HUTCHISON HOLDINGS LTD will sell its 49% stake in United Kingdom mobile operator VodafoneThree for £4.3B ($5.81B). The transaction allows VODAFONE GROUP PLC to take full control of the joint venture. This exit simplifies the Hong Kong conglomerate's European portfolio while providing a multi-billion dollar liquidity injection.

### Consolidation in the British Telecom Market CK Hutchison Group Telecom Holdings agreed to the buyout on Tuesday morning. The unit currently holds a minority position in the operator.