O2 (UK) in Germany were brought under the control of O2, which retained its UK-registered public company status with its own board of directors and corporate structures and processes. Telefónica chose to keep its existing mobile phone operations in the rest of the world under the brand Movistar. This name is used in Spain and in most of the Latin American countries, operated by a separate management team. On 15 July 2009, O2 entered the financial services industry with the launch of O2 Money, which was the first step in the process of incorporating financial services into mobile phones. Future plans included
Sovereign Communications Sovereign Communications Sovereign Communications, LLC is an American radio broadcasting company which owns 17 radio stations in the Upper Peninsula of Michigan, with offices in Sault Ste. Marie, Michigan. The company is owned and operated by William C. Gleich and Tim Sabean. After their February 2010 purchase of 11 stations from Northern Star Broadcasting, the company holds "something close to a local monopoly" on radio stations in the Sault Ste. Marie region. The transaction was publicly valued at $3,425,000 in cash. Several Northern Star employees (both on-air and in management) lost their jobs as a result of the purchase. As