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Telefonica freezes O2 stake sale until H2 2017 - report

Thursday 2 February 2017 | 12:42 CET | News
Uncertainty over the UK's exit from the European Union and the weak UK currency mean Telefonica has halted plans to sell a minority stake in O2 until the second half of 2017, Expansion reported, citing an investor in contact with the company. The paper quoted an unnamed company source as saying it would sooner cut debt by selling part of infrastructure subsidiary Telxius than accept a deflated price for O2.

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