O2 (Ireland) BT Group and 1 mm02 share for each British Telecommunications share they held. After the de-merger, most of mmO2's operations, including Digifone, were rebranded O2. mmO2 plc later became O2 plc and remained an independent company until 2005. On 31 October 2005 it was announced that Telefónica, S.A., the Spanish telecommunications company, had made a recommended takeover bid for O Ireland's parent company, O2 plc. This was then approved by shareholders and O was officially purchased in mid February 2006. The O2 brand is now used in several countries for Telefónica's mobile operations outside Spain and Latin America, where Telefónica
Power Corporation of Canada in 2000 with the acquisition of Canada Life, Mackenzie Financial and Putnam Investments. Power Corporation owns 100% of Square Victoria Communications Group and 65.6% of Power Financial Corporation. While it was originally established as an electric utility holding company, the company became a conglomerate with major interests in the finance industry, as well as interests in other business sectors such as communications and renewable energy. The Co-Chief Executive Officers are Paul Desmarais, Jr. and André Desmarais. As a holding company, the officers run the companies through the various Boards. Responsible management has long been a corporate value at Power Corporation.