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Telefonica hires advisers for O2 UK IPO

Monday 26 September 2016 | 12:21 CET | News
Telefonica has hired advisers to move ahead with a proposed IPO of its unit O2 UK, The Telegraph reports. The Spanish operator confirmed earlier this month that it's considering listing the British operator, after the planned sale of O2 to 3 UK was blocked by the European Commission. According to the Telegraph's sources, Telefonica has hired Barclays, UBS and Morgan Stanley, and a fourth bank is expected to be added. Marketing agency Finsbury will handle the public relations, the company confirmed. The IPO is expected to take place earlier next year, the report said, with Telefonica

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Categories: Mobile & Wireless
Companies: 3 UK / European Commission / European Commission / Morgan Stanley / O2 / O2 UK / Telefonica
Countries: United Kingdom
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