MELBOURNE, Australia-Vodafone Pacific said it will transfer at least 1 million mobile-phone customers and distribution assets to Hutchison Telecommunications if it wins regulatory approval for its proposed acquisition of Cable & Wireless Optus, according to the Wall Street Journal.
Under the deal, Vodafone’s share of the mobile-phone market would be limited to about 41 percent, down from the 52 percent it would have won if it just acquired Optus. Hutchison’s share of the local wireless market would jump from less than 1 percent to more than 10 percent.
Vodafone has offered more than $10 billion for Optus, the second-largest wireless provider in Australia.
