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O2 Airwave, sold off in 2007

I just found out today that O2 sold O2 Airwave to Macquarie back in 2007 and it is now called just 'Airwave'. Okay I know I am only five years late hearing this news but I wonder if anyone has a view or opinion or even some actual info as to why O2 sold off a mobile network, albeit one that was not for public use? More interestingly what did Telefonica then do with the £1.9b they made from the sale? Buy back shares? Invest it in infrastructure?

Posts: 27,019
Topics: 247
Registered: ‎29-07-2008

Re: O2 Airwave, sold off in 2007

Well they reckon they spend £1.5 million a day on the network, so I guess that will have helped.

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