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Telefonica mulls strategy options for O2, IPO possible

Staff Writer |
Spanish telecom group Telefonica said it is considering various strategic options for its UK subsidiary O2 UK. The company was responding to media reports regarding O2 UK.

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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.

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