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Wireless

Telefonica preparing to list 30% of O2 UK this year - report

Wednesday 28 September 2016 | 15:40 CET | News
Telefonica is preparing to list around 30 percent of its O2 UK unit this year, according to unnamed sources cited by Reuters. The Spanish company 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. Telefonica CEO Jose Maria Alvarez-Pallete has hired Barclays, UBS and Morgan Stanley as global coordinators for the IPO which could value O2 at around GBP 10 billion, said the sources. In fact, Alvarez-Pallete has asked the banks to speed up the preparatory work with a view to listing O2 in

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