O2 (UK) they can do it too" in reference to Vodafone and EE, O2's biggest competitors and the UK's top three mobile-telecoms companies. O2 (UK) Telefónica UK Limited (trading as O2 – stylised as O) is a telecommunications services provider in the United Kingdom, owned by the Spanish multinational Telefónica, and is headquartered in Slough. With 25 million subscribers (as of December 2017), O2 is the second-largest mobile network operator in the United Kingdom after EE, with Vodafone in third place. O2 was formed in 1985 as Cellnet, a 60:40 joint venture between BT Group and Securicor. In 1999, BT Group acquired
State monopoly capitalism State monopoly capitalism The theory of state monopoly capitalism (also referred as stamocap) was initially a Marxist doctrine popularised after World War II. Lenin had claimed in 1916 that World War I had transformed laissez-faire capitalism into "monopoly capitalism", but he did not publish any extensive theory about the topic. The term refers to an environment where the state intervenes in the economy to protect larger monopolistic or oligopolistic businesses from threats. As conceived by Lenin in his pamphlet of the same name the theory aims to describe the "final historical stage" of capitalism, of which he believed the Imperialism