Telefonica aims to list mobile firm O2 in London this year - sources

Telefonica aims to list mobile firm O2 in London this year - sources
 

Spain's Telefonica (TEF.MC) is looking to list about 30 percent of its British mobile unit O2 in what would be one of the biggest initial public offerings (IPOs) on the London market this year, sources told Reuters.
Europe's biggest telecom group wants to use the relative market calm after the turmoil caused by June's Brexit vote to cut its stake in Britain's second-largest mobile firm and has hired UBS (UBSG.S), Morgan Stanley (MS.N) and Barclays (BARC.L) as global coordinators for an IPO which could value O2 at about 10 billion pounds, the sources said.
An O2 spokesman referred to a Sept.... read more

 
27 September 2016 in Business, Views: 52
Source: Reuters
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