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Originally Posted by Alan Fry
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Probably to fund for investments on the backward 3G side of O2 UK.
I know it was demerged away from BT together with the BT Mobile networks and formed MMo2 until Telefonica acquired it all. I would have thought Telefonica would sell it off eventually. Originally, I think O2 primarily used Manx Telecom to funnel money into investments of its mobile networks. Over the past few years, Cable and Wireless has begun competing with Manx Telecom and Jersey Telecom.
2 tax havens for Cable and Wireless, they probably make twice as much as money than they did from the UK cable business in the 90s
In these islands, Sky is the dominant pay tv provider, time for someone to compete?