![Telefonica-o2](https://i0.wp.com/fintk2.com/wp-content/uploads/2016/09/Telefonica-o2.png?resize=668%2C381&ssl=1)
Spain’s Telefonica said it has started working on an initial public offering of British mobile telephone operator O2. Analysts said the deal will probably value O2 at about the £10.25 billion that CK Hutchison Holdings was ready to pay in a transaction that was blocked by the European Commission.
MarketWatch (05 Sep.)