Customers could be offered O2 shares as Telefonica nears IPO

Billy Bambrough
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Want to buy shares in O2? Soon there could be an app for that (Source: Getty)

Customers of O2 could be in with a chance of buying shares in the firm if its stock market float goes ahead.

O2 Priority, which normally provides customers with early access to things like concert tickets, is being considered as a vehicle for a customer share offering, it was reported in the Sunday Telegraph.

O2’s Spanish owner Telefonica is understood to be pushing ahead with flotation plans despite the UK vote to quit the European Union.

Read more: Five questions for the UK mobile market

There is though still a possibility O2 could be sold to a private equity buyer. Apax Partners and CVC Capital are thought to have discussed forming a consortium to bid for the UK’s second largest mobile network operator.

“We continue to explore a number of options including an IPO,” a spokesperson for O2 said, “A choice will be made when market conditions are deemed appropriate.”

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