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O2 UK no longer for sale - Telefonica

2016-06-30 08:41:00| Telecompaper Headlines

(Telecompaper) Telefonica has pulled out of plans to sell O2 UK, consolidating the unit back into its financial statements and no longer presenting it as discontinued operations, according to a filing submitted to Spanish markets regulator CNMV. The announcement comes after the European Commission earlier blocked Telefonica's GBP 10.3 billion sale of O2 to CK Hutchison due to competition concerns. However, Telefonica added that it "continues to explore different strategic alternatives for O2 UK, to be implemented when market conditions are right".

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Category:Telecommunications

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