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
State monopoly capitalism working class political action. The state in Soviet-type societies was redefined by the neo-Trotskyists as being "also" state-monopoly capitalist. There was no difference, in their view, between the West and the East in this regard. Consequently, some kind of "anti-bureaucratic revolution" was said to be required, but different Trotskyist groups quarreled about what form such a revolution would need to take, or could take. Some Trotskyists believed the anti-bureaucratic revolution would happen spontaneously, inevitably and naturally, others believed it needed to be organised - the aim being to establish a society owned and operated by the working class. According to