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Telefonica To Sell O2 Back To BT In Strategic Deal

Telefonica To Sell O2 Back To BT In Strategic Deal

Spanish Telecoms company Telefonica is looking for a “strategic partnership” with BT and will sell its UK mobile operator O2 to it’s former owner in return for a 20% stake. Spanish website El Confidencial is reporting that Telefonica’s CEO César Alierta is “exploring a strategic alliance with British Telecom to create a European giant.” Although talks are apparently at an ..