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A wave of carrier consolidation appears ready to begin in Europe, where British Telecom is rumored to be ready to bring mobile operator O2 back into the fold. The latter was originally spun off of BT back in 2001. Spain's Telefonica, which currently owns O2, said in a statement that it is in "highly preliminary talks" about the sale of the carrier. According to reports, Telefonica would end up with a 20% stake in BT in exchange for O2.
For its part, BT said on Monday that it is in talks with "shareholders in two UK mobile network operators, of which one is O2, about a possible transaction ... *
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A wave of carrier consolidation appears ready to begin in Europe, where British Telecom is rumored to be ready to bring mobile operator O2 back into the fold. The latter was originally spun off of BT back in 2001. Spain's Telefonica, which currently owns O2, said in a statement that it is in "highly preliminary talks" about the sale of the carrier. According to reports, Telefonica would end up with a 20% stake in BT in exchange for O2.For its part, BT said on Monday that it is in talks with "shareholders in two UK mobile network operators, of which one is O2, about a possible transaction ... *
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