Small investors to be offered shares in O2 as mobile phone giant prepares for biggest London float since Royal Mail

Mobile phone network O2 is hoping to sell shares to millions of ordinary investors in the first major retail offering since the Royal Mail flotation three years ago.
The telecoms giant is preparing for a £10.3billion stock market float before the end of the year or early 2017, making it one of the biggest public offerings in London this year.
The float will see investors offered a minority stake in the company, in a bid by Spanish owner Telefonica to reduce its heavy debt burden. 
It had sought to sell O2 for £10.3billion to Hutchison, the owner of rival mobile network Three last year, but... read more

3 October 2016 in Business, Views: 49
Source: Daily Mail

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