Tag: Telefonica

Telefónica Tech wants to be a UK cloud leader

Posted on October 25, 2021 by - News

Telefónica Tech UK&I has its sights set on being the “leader in cloud and cyber in the UK and Ireland”.

Having acquired Cancom’s UK & Ireland business for €398 million in July, Spanish carrier Telefónica has renamed the business as Telefónica Tech UK&I.

Hess said he expected the 600-strong UK business to receive an influx of investment under its new owner.

“The big difference between Telefónica Tech and Cancom is the level of investment they will make to help us grow in the UK and Ireland”, Hess said.

“The ambition is to be the leader in cloud and cyber in the UK and Ireland, and I think they have the wherewithal to help us get there.”

Hutchison to buy O2

Posted on January 23, 2015 by - News

PhoneConsolidation in the UK mobile industry is certain after Hutchison Whampoa said it will buy O2 for £10.25 billion.
O2 is currently owned by Spanish telco Telefonica.
Hutchison already owns the UK Three network.
O2 is the second biggest mobile operator in the UK, with around 22 million subscribers.
Just a few weeks ago we reported that BT entered talks with EE, with a view to acquiring it.
BT then ruled out buying O2. It is still in talks with EE over acquiring that business, with a view to becoming a dominant player in the UK market.
Hutchison more or less started off the mobile phone business in the UK with the launch of Orange.

 

BT in bid for O2. And EE

Posted on November 24, 2014 by - News

btlogoGiant telecomms firm BT confirmed it is in preliminary talks to buy O2 UK from Spanish giant Telefonica.

That’s something of an irony because BT spun off its Cellnet unit in 2002. It then renamed itself as O2 and sold itself to Telefonica for over £17 billion in 2005.

Telefonica confirmed a deal was in the cards and in a prepared statement said that it was in talks with BT. But it warned that “there is no certainty that a transaction will take place”.

The deal, however, is likely to be just for O2 UK, and may cost BT as much as £6 billion.  But, Reuters reports, BT is also talking to EE in the UK.

In a statement, BT agreed with Telefonica that talks were at a preliminary stage.

But that hasn’t stopped the price of BT’s shares shooting up on the Stock Exchange this morning.