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Telefonica draws up plans for O2 UK IPO - report

Wednesday 22 June 2016 | 09:17 CET | News
Telefonica has started to draw up plans to list O2 UK on the stock market. Two people briefed on the situation told the Financial Times that Telefonica was talking to banks about advising on the IPO. The listing would allow the company to raise money for debt reduction, while also keeping a stake in the UK business. However, one person cautioned that no decision had been made, and the group would continue to look at all options for O2 including a sale to private equity. Telefonica has been considering options for O2 UK since its proposed sale to CK Hutchison was blocked by the European

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