The trademark of Telefónica in the United Kingdom has decided to wait for the departure of the EU
O2, the commercial brand of Telefónica in the United Kingdom, suspends its listing on the London Stock Exchange for the time being, according to Sky News and Bloomberg. The operation, valued at 10.000 billion pounds (11.000 billion euros) was scheduled for this year, but the second main British operator has decided to postpone it until after Proposed referendum on United Kingdom membership of the European Union.
The second largest mobile operator in the UK was expected to be listed on the London Stock Exchange this year after the auctions of 4G and 5G in April. However, media reports now suggest that the plans have been put on hold because of the medium that exists about the uncertainty that this unknown transition entails.
The 52% of Britons who voted in favor of the United Kingdom leaving the European Union in June of the 2016. Now, arriving at the end of 2018, it is not yet clear what the path is going to be, nor the economic and business consequences for companies within the United Kingdom.
British Prime Minister Theresa May warned on Monday that 95% of the Brexit agreement is already "closed" and has expressed her confidence in successfully finishing the negotiations with Brussels in the coming weeks. In a speech in Parliament, aimed above all at calming tensions within her own party, the British prime minister has made a new call for unity in the face of renewed threats of rebellion from the 'Brexiters'.
Even so, we can see that companies do not want to move their chips until it is clear how the final agreement will come about. We have until the 11: 00 (local time RU) of the 29 March 2019, official date for the departure of the United Kingdom from the European Union.