British Telecom provider O2 launches IPO because of Brexit. The British telecom provider O2 will postpone its initial public offering, according to reports by sources.
O2, which is owned by the Spanish Telefonica, does so because of the uncertainty surrounding the Brexit.
It was assumed that the company would go to the stock market this year,
but that would only be at the earliest in April.
O2 is the second largest telecom provider in Great Britain.
In 2016, Telefónica also visited an IPO of O2, after a merger with rival Three had gone wrong.