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,
LSWR O2 class to gain acceleration on intensive timetables. Adams settled upon the 0-4-4T wheel arrangement to provide the basis of what was to become the O2 Class. The second of William Adam's 0-4-4 designs, the O2 Class was a development of his previous T1 class of 1888. The brief behind the design was to create a locomotive capable of mixed-traffic operations, a characteristic dictated by the relatively small wheel diameter and smaller cylinders, effectively to replace the obsolete Beattie Well Tank. As a result, a compact locomotive with high route availability was produced, a factor that would be essential during the later