Telefónica mulls alternatives to UK merger

Spain’s Telefónica is reportedly considering alternative means of cutting debt to preserve its credit rating if the European Commission (EC) blocks the proposed £10.25bn (US$15bn) merger of its UK unit O2 with CK Hutchison’s Three. The options include restarting the O2 sales process, perhaps aiming to sell to an operator such as pan-European cableco Liberty Global or […]

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