Telefonica presses ahead with German IPO plans - report

News Broadband Germany 5 SEP 2012
Telefonica presses ahead with German IPO plans - report
Telefonica is pressing ahead with plans for an IPO of its German subsidiary after adding four banking advisers, reports Bloomberg citing unnamed sources with knowledge of the process. The sources said that Telefonica has appointed Bank of America, BNP Paribas, Citigroup and HSBC Holdings as bookrunners. They added that analyst presentations are being prepared by lead banks UBS and JPMorgan Chase, who may start gauging investor interest as early as end-September. The sources said that Telefonica was considering the sale of a 20 percent stake in O2 Germany for around EUR 1 billion-EUR 1.5 billion.

Categories:

Internet,  Mobile

Companies:

Telefonica- Movistar,  O2 Germany

Countries:

Germany

Tags:

Voice services, Data services, Messaging, Company, Services, Corporate, Internet Access, Finance, Financial funding, M&A buyouts & divestments

Related Articles

GERMANY 16 OCT 2012

Telefonica confirms IPO plans for O2 Germany

Telefonica reports that the number of shares in its subsidiary Telefonica Deutschland to be offered in the recently announced IPO, as well as the offer period and the price range within in which investors may submit purchase orders has been determined. The commencement of the offer period is subject to the prior approval of the securities prospectus by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin).

GERMANY 1 OCT 2012

O2 Germany IPO could happen by mid-October - report

Telefonica's planned IPO for subsidiary O2 Germany would happen as early as mid-October, reports the Financial Times Deutschland citing an unnamed manager close to the plans. Previous reports indicated that the IPO could happen at end-October. However, the managed added that the plans could be in danger if the heavily-indebted Spanish operator tries to be too greedy.

GERMANY 25 SEP 2012

O2 Germany to lure investors with high dividends - report

Telefonica will use high dividend pay-outs to attract investors to a share sale by subsidiary O2 Germany, reports Bloomberg citing three people familiar with the plans. O2 Germany is planning a EUR 1.5 billion IPO. Telefonica is considering paying around EUR 500 million in dividends in 2013 with a payout ratio of over 90 percent of O2 Germany's net income, according to two unnamed sources. The sources added that O2 Germany's shares could star trading in Frankfurt by end-October.

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