.gif)
31 October, 2005 14:19
Post to del.icio.us
Telefonica to acquire O2
Spanish telecoms operator, Telefonica, is to acquire British mobile operator O2. The deal is said to be worth some £17.7bn.
O2 is the strongest operator in the UK, and has significant numbers of other European customers in the Netherlands and Germany.
Telefonica, on the other hand, has a strong customer base in Spain and Latin America, but has fewer customers in Northern Europe.
Under the terms of the proposed deal O2 will be integrated but will retain the current branding and contract terms. The deal would also create the second biggest mobile operator in the world, after Vodafone.
Share this article with others
Post to del.icio.us
Printed from http://www.eurocomms.com/online_press/11808/Telefonica_to_acquire_O2.html
Comment on this article
Skip to comments
We encourage users to analyse, comment on and even challenge European Communications's articles, including the one above - 'Telefonica to acquire O2'
User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site.
Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. We will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site.