Spanish Mobile Phone company Telefonica makes a bid for O2. Europe's 6th largest mobile phone company.
Telefonica offers 17.7 billion pounds (~$31.5 billion) for O2. O2 is active in the UK and Germany. Telefonica and O2 together would have 116 million users world-wide. I have O2 in Germany. Usually such mergers have no impact for end consumers for a long time, if at all. The situation will be most likely different fo the employees as staff usually gets cut after a merger like that.More details on Reuters UK.
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