Owner of Three looking to buy the O2 network

The video introduces Mr. Lee Cushing, a Chinese billionaire known for his successful business ventures. It highlights his plan to acquire the UK's O2 network through his firm, Hutchinson Whampoa, for over £10 billion. This acquisition is set to make him a major player in the UK mobile market, surpassing competitors like EE. The video discusses the implications of this deal on market competition and consumer behavior, emphasizing the importance of maintaining competitive pricing and attracting new customers. Mr. Lee's long-term investment strategy is also explored, noting his existing investments in UK goods and services.

What is Mr. Lee Cushing's primary focus in his business strategy?

• Investing in technology startups

• Building a long-term business

• Focusing on short-term profits

• Chasing the latest trends

Which company is Mr. Lee's firm planning to acquire in the UK?

• EE

• Vodafone

• O2

• Three

What will be the combined market share of Three and O2 after their merger?

• 40%

• 28%

• 31%

• 12%

What is a potential concern with reducing the number of players in the UK mobile market?

• Better customer service

• Increased innovation

• Higher prices

• More competition

What is a challenge Mr. Lee might face with his latest acquisition?

• Technological barriers

• European regulatory approval

• Lack of interest from consumers

• Insufficient funding