Three UK announced that it has completed the acquisition of UK Broadband, which provides wireless home and business broadband services in Central London and Swindon through the Relish brand.
The deal is comprised of a £250 million cash payment and two £25 million deferred credits towards MVNO services on Three UK’s network.
Three UK said there will be no immediate changes to the Relish wireless broadband operations or brand and Relish will continue to manage its 17,000 home and business customers.
Three UK will update the industry later this year on its plans for UK Broadband as it focuses its attention on the upcoming auction of mobile spectrum by the regulator Ofcom.
