Telefonica buys O2

Telefonica agreed to buy O2 (UK) for about $32bn,

The deal allows Telefonica to consolidate its European positions in the two key UK and German markets, and avoid it to be too LATAM-centric, Analysts found that is was not too pricey (premium of 22%) and is a real opportunity for the Spanish operator. In addition, DT, once interested by O2, said it will not bid further, The deal follows Telefonica's acquisition of Czech operator Cesky Telekom earlier this year as it looks to expand its business across Europe in order to re-balance its operations between Europe and LATAM.