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Telefonica details O2 IPO


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Telefonica details O2 IPO

Spanish telecom giant Telefonica has said it will start selling shares of its German subsidiary O2 by the end of the year, probably this month.

It needs to raise money to pay down its debt, which at the end of June, was over 58 billion euros.

To find out how investors reacted to the O2 IPO, watch our Behind Markets report.