BT or British Telecom has confirmed to the WSJ that they are currently in talks with Telefonica, in an attempt to buy O2 UK from the company.
O2 actually started out as a BT company back in 1985, although back then it was called Cellnet, and it was a joint venture between BT and Securicor.
BT revealed to the WSJ that they are currently in discussion with O2’s parent company, Telefonica, “All discussions are at a highly preliminary stage and there can be no certainty that any transaction will occur,” BT added.
As yet there are no details on exactly how far the discussions between the two companies have progressed, it looks like it is early days at the moment, and it could be a while before a deal is announced.
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