Spanish telecoms firm poised for O2 takeover

Mobile phone group O2 looked set for Spanish ownership today after Telefonica struck a deal worth £17.7bn (€26.1bn).

Spanish telecoms firm poised for O2 takeover
Mon, 31 Oct, 2005 - 10:18

Mobile phone group O2 looked set for Spanish ownership today after Telefonica struck a deal worth £17.7bn (€26.1bn).

The UK and Ireland’s second largest operator, which demerged from BT in 2001, has been seen as a target for months after Germany’s Deutsche Telekom and Dutch group KPN revealed they had tried and failed to put together a joint bid.

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CourtsBusinessHeathrowPlace: UKPlace: IrelandPlace: GermanyPlace: EuropePlace: SpainPlace: Latin AmericaPlace: LondonPerson: Hutchison WhampoaPerson: Christian MaherPerson: Peter ErskineOrganisation: O2Organisation: TelefonicaOrganisation: BTOrganisation: Deutsche TelekomOrganisation: KPNOrganisation: BT CellnetOrganisation: OrangeOrganisation: France TelecomOrganisation: T-MobileOrganisation: Virgin MobileOrganisation: Deutsche
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