Telefónica Europe business was rebranded to 'O2 Online' which continues in the UK as a mobile communications service provider tied to the O2 UK network. The Genie portal properties were rebranded O2 Active in UK, Germany, Ireland and the Netherlands, and Genie Asia became O2 Asia. O2 Asia became a subsidiary of O2 UK for governance purposes. On 31 October 2005, O2 agreed to be taken over by Telefónica, a Spanish telecommunications company, with a cash offer of £17.7 billion, or £2 per share. According to the merger announcement, O2 retained its name and continued to be based in the United Kingdom,
PageOne Communications new name 'PageOne Communications'. 1992 - Mercury Paging Ltd acquires Intercity Paging ltd. Intercity's owner, Mtel Corporation (US) becomes the third shareholder. In the same year Mercury Paging's paging network infrastructure underwent extensive investment with satellite distribution technology implemented nationwide. 1990 - Using a single UK paging license, Mercury Paging commenced trading. A second UK paging channel was allocated in 1990. 1986 - PageOne Communications incorporated under its former name of Mercury Paging Ltd, its parent company, Mercury Communications being jointly owned by Cable and Wireless and Motorola. PageOne (operating under the Mercury brand) was the first UK organisation to