O2 gives up on London listing this year

Telecoms firm Telefonica joins software giant Misys in abandoning plans over Brexit-related market uncertainty

O2
(Image credit: Justin Tallis/AFP/Getty)

Spanish telecoms giant Telefonica has formally abandoned plans to list its UK mobile network O2 this year as a result of Brexit-related market uncertainty.

The news confirms a July report from Bloomberg saying the company had kicked the plans into the long grass after the market crash that followed the EU referendum result in June.

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