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General

Telefonica considers alternatives to O2 UK sale - report

Wednesday 20 April 2016 | 14:03 CET | News
Telefonica has started considering alternatives for its UK business, amid signs the European Commission is set to block the proposed sale of O2 UK to Hutchison, Bloomberg reports. The Spanish carrier has been counting on the GBP 10.3 billion from the sale of O2 unit to reduce its debt. With the deal in danger of being blocked, executives at Telefonica are discussing alternatives, according to people with knowledge of the situation. Those include restarting the sales process for O2, potentially to an industry player like Liberty Global or private-equity buyers. Other options include a spin-off

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Categories: General
Companies: Liberty Global / O2 UK / Telefonica
Countries: United Kingdom
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