Vodafone and Changhe announced this week that the merger of British Telecom services is expected to create the largest mobile operator in the UK.

[Vodafone and Changhe announced this week that the merger of the British Telecom business is expected to create the largest mobile operator in the UK]. According to sources, Vodafone and Changhe are close to reaching an agreement on merging the British Telecom business. The deal is expected to be officially announced as soon as Friday or early next week. It is reported that the agreed transaction structure is consistent with the announcement issued by Vodafone in October last year: Vodafone will hold 51% of the combined company, while Changhe will hold 49%. The relative equity of the two parties will be acquired through differential leveraged debt capital injection, which does not involve cash payment. Analysts say the deal, including debt, could be worth about 15 billion pounds ($18.6 billion).