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 advanced stage El Confidencial believe that “there is nothing concrete yet”. BT sold their mobile business O2 to Telefonica back in 2005 for £17.7 billion.

Telefonica O2

José María Álvarez-Pallete, COO of Telefonica, was recently quoted as saying: “The question is if the UK becomes convergent in future. If the UK is to be a convergent market then we would evaluate all options. We don’t see a major preference for that from consumers [today]. If this situation was to change, then we would evaluate all options.”

Related posts

What do we know about the iPhone 6s?

What do we know about the iPhone 6s?

  Apple's new iPhone was finally revealed at Apple's keynote presentation yesterday and lived up to expectations. It is indeed the iPhone 6s, not the iPhone 7, as some speculated. Boasting the same sleek design and sizes as last year’s releases, the ‘S’ generation is brimming with...

iPad Going Pro

iPad Going Pro

It is speculated that Apple's Keynote presentation will reveal the new iPad generation alongside the widely anticipated iPhone 6s. The new iPad range will include the iPad Pro, with a large high resolution display screen thought to measure between  12.2 and 12.9 inches across.  The device...

Keynotes – Samsung deck the S6 out in Querty hardware

Keynotes - Samsung deck the S6 out in Querty hardware

Touchscreen keyboards have long become the norm for leisure and business communication alike.  However, there are some business people who have yet to give in to touchscreen smartphones and still cling on to their Blackberry Querty keyboards for dear life. Samsung are now calling out to...