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Telefonica has advanced moves for a Pound10 billion float of its UK division O2 after lining up a team of top investment banks to launch an IPO.
Reports in the Telegraph claim Barclays, UBS and Morgan Stanley have been appointed to to the lead roster to sell of O2 UK, with PR firm Finsbury appointed in an advisory role.
The unit, which also includes mobile virtual network operator Giffgaff and a 50% stake in Tesco Mobile, is expected to be listed for...