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General

Telefonica considering O2 IPO in Q4 - report

Tuesday 25 April 2017 | 09:10 CET | News
Telefonica may proceed with an IPO of its O2 UK business before the end of the year as it seeks to reduce a debt level that stands at around EUR 50 billion, according to unnamed sources cited by Bloomberg. The decision on whether to sell a minority stake in the fourth quarter again depends on market conditions, with the company already having shelved plans to float O2 last year following the UK vote to leave the European Union. Earlier this year the company was said to be considering an IPO if rules for the next UK spectrum auction proved favourable.

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Categories: General
Companies: O2 UK / Telefonica / Telxius
Countries: Spain / United Kingdom
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