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O2 UK no longer for sale - Telefonica |
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#1 |
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Forum Member
Join Date: Jan 2012
Location: London, UK
Posts: 8,759
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O2 UK no longer for sale - Telefonica
Telefonica has pulled out of plans to sell O2 UK, consolidating the unit back into its financial statements and no longer presenting it as discontinued operations, according to a filing submitted to Spanish markets regulator CNMV. The announcement comes after the European Commission blocked Telefonica’s GBP 10.3 billion sale of O2 to CK Hutchison due to competition concerns. However, Telefonica added that it “continues to explore different strategic alternatives for O2 UK, to be implemented when market conditions are right”.
The company was expecting to use proceeds from the sale to reduce some of its EUR 50.2 billion debt and was even considering a minority sale of O2 UK in an IPO as a backup plan. However, Bloomberg reported that market instability following the UK vote to leave the EU has ruled out that possibility in the short term, with Telefonica now risking a credit downgrade by Moody’s if it can’t get an alternate deleveraging plan in place by the end of the year Source: Telecompaper & Bloomberg http://www.bloomberg.com/news/articl...s-brexit-foils |
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#2 |
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Join Date: Apr 2014
Posts: 652
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EUR 50.2 billion debt? Just put it out of it's misery and go bust, blame Ofcom, then there will be three networks.
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#3 |
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Forum Member
Join Date: Dec 2015
Posts: 75
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Quote:
EUR 50.2 billion debt? Just put it out of it's misery and go bust, blame Ofcom, then there will be three networks.
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#4 |
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Join Date: Jan 2014
Location: Portsmouth
Posts: 787
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O2 UK is profitable. Telefonica (its parent) has debts.
Same reason that it was spun out from BT in the first place. |
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#5 |
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Join Date: Jul 2002
Location: a land filled with trolls
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I think as O2 improves its network, it could actually do okay. I think it still has a great reputation, and many users are totally oblivious to how different O2 might be to other networks (likely assuming if O2 is bad, they're all bad).
So, it makes sense to me. |
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#6 |
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Join Date: Aug 2004
Location: moon
Posts: 12,983
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I think Sky or Virgin might buy them.
Virgin would make the most sense. |
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#7 |
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Join Date: Mar 2010
Posts: 13,433
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Quote:
I think Sky or Virgin might buy them.
Virgin would make the most sense. Hmmm i an with Virgin Mobile they operate on a big network EE with very good coverage if they bought 02 their coverage would go down in a jiffy. |
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#8 |
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Join Date: Jun 2014
Posts: 499
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O2 are doing ok . 4G is at over 80% pop now and apart from heavliy populated areas there speeds are ok. the rollout is doing well with vodafone and they have sucessfully added 4G 1800 to many sites.... I think its the right move in a year the 4G will be up to 95% giving remote located subscribers new options
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#9 |
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Join Date: Mar 2000
Location: This forum
Posts: 3,389
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[/b]Hmmm i an with Virgin Mobile they operate on a big network EE with very good coverage if they bought 02 their coverage would go down in a jiffy.
Who knows! |
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#10 |
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Join Date: Nov 2001
Location: Central Belt
Posts: 12,277
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Quote:
Virgin don't offer 4G (on consumer price plans), and the network they operate on is now owned by their big competitor BT - so that would be a reason to switch, to either O2, Vodafone or Three.
Who knows! |
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#11 |
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Forum Member
Join Date: Apr 2015
Posts: 176
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Don't EE run their network the way they always have with the MVNO's officially MVNO's of EE, not of BT.
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#12 |
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Forum Member
Join Date: Aug 2005
Posts: 506
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Quote:
I think as O2 improves its network, it could actually do okay. I think it still has a great reputation, and many users are totally oblivious to how different O2 might be to other networks (likely assuming if O2 is bad, they're all bad).
So, it makes sense to me. |
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#13 |
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Join Date: Apr 2011
Location: Totnes, Devon
Posts: 6,693
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Thing is O2 may be ok now but how the hell are they going to cope if they get a lot more smartphone users? They don't have the spectrum.
I mean EE are adding 2600 left right and centre to keep up with demand as they have a very high number of smartphone Internet users. O2 are going to find themselves in a position where as they increase their data users they won't have the capacity to cope with it. It's hard to see how that's going to play out. |
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#14 |
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Join Date: Jun 2015
Location: Surrey, UK
Posts: 660
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O2 has a few approaches they are using to keep acceptable performance in ultra dense areas:
Six Sector masts. Some are 4G 800, some are 4G 800MHz and 4G 1800MHz, A six Sector mast with their 4G 800MHz and 4G 1800MHz will be roughly equivalent to 30MHz on a three sector, which is not an insignificant amount of capacity. Microcells: 3G 2100MHz or seemingly 3G 2100MHz and 4G 1800MHz. O2 Wifi: removes some load from 3G/4G. O2 Six Sector Masts + Microcells I am planning to do a video on this very soon |
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#15 |
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Forum Member
Join Date: Feb 2015
Posts: 1,304
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Quote:
It obviously depends on what areas you use your phone. O2 network is far better in my area than EE/BT is. EE falls over badly indoors compaired to O2/Giffgaff. Don't believe the EE/BT hype
Plus EE are going to launch their 800 layer at some point which will just about wipeout the o2/vod indoor coverage advantage. In cities o2 are ok and they'll provide a usable service but they get bowled over by EE pretty much everywhere I go. |
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