Telefonica mulls strategy options for O2, IPO possible
In its statement, the company said the strategic options include, among others, a potential Initial Public Offering. Preparatory work in connection with such strategic options has been initiated.
Earlier, Bloomberg reported, citing Telefonica Chairman Jose Maria Alvarez-Pallete that the company could hold an IPO of its British wireless unit this year if market conditions are favorable as the firm seeks funds to pay off debt. ■