Telefónica Continues To Explore Different Strategic Alternatives For O2 UK

(RTTNews) - Telefónica (TDE.L) said it continues to explore different strategic alternatives for O2 UK, to be implemented when market conditions are deemed appropriate.

Following the Significant Event published on May 11, 2016 in relation to the European Commission decision to prohibit the sale of Telefónica's subsidiary in the UK (O2 UK) to Hutchison Whampoa Group, Telefónica informs that upon the publication of its 2016 first half results, Telefónica's operations in the UK will no longer be reported as discontinued operations within Telefónica Group and all its assets and liabilities will cease to be reported as "held for sale", and will be reclassified back into full consolidation within Telefónica Group financial statements, according to IFRS. The comparative results will be reported accordingly.