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O2 UK CEO considers management buyout - report

Monday 16 May 2016 | 11:14 CET | News
O2 UK CEO Ronan Dunne is considering a GBP 8.5 billion management buy-out of the company after EU regulators blocked the sale of the company to 3 UK parent Hutchison, reports the Daily Telegraph. He is understood to have been approached by potential private equity sponsors to carry out a debt-driven buyout. Sources indicate that O2 executives are now evaluating whether it would be financially feasible for Dunne to take the company independent. The talks are in their early stages and are understood not to include O2 parent Telefonica, which remains tied to an exclusivity agreement with

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Categories: Mobile & Wireless
Companies: 3 UK / O2 UK / Telefonica
Countries: United Kingdom
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