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General

Telefonica mulls Telxius IPO delay after UK vote - report

Monday 27 June 2016 | 17:11 CET | News
Telefonica is considering delaying the planned IPO of infrastructure division Telxius and the possible IPO of mobile network O2 UK because of market instability following the UK vote to leave the EU, reports Bloomberg citing unnamed sources with knowledge of the situation. Telefonica is considering options for Telxius, including delaying the marketing by one week to see if markets stabilise. In a note, financial company Kepler Cheuvreaux said that the value of O2 UK could fall by 20 percent as a result of Brexit.

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