O2 (UK) billion (£2 per share) in cash. It went through finally in 2006. According to the merger announcement, O2 retained its name and continued to be based in the United Kingdom, keeping both the brand and the management team. The merger became unconditional on 23 January 2006. Following the acquisition of O2, Telefónica undertook a corporate organisational change that saw the merging of its fixed and mobile businesses in Spain, and the transfer of Telefónica's non-Spanish European telecommunications properties into the O2 brand. Thus, the Český Telecom and Eurotel operations in the Czech Republic as well as the Telefónica Deutschland business
Movistar Team (Continental Team) Movistar Team (Continental Team) Movistar Team (Continental Team) (UCI Code "MOT") is a Colombian-based UCI Continental cycling team . The team was set up in time for the 2011 season with Movistar sponsoring both the Continental team and Spanish UCI Pro Tour team to race in events on the UCI America Tour as well as those national events within its region. The team is based in Bogotá, Colombia, and the management team is headed by former Colombian coach Libardo Leyton On 2 June, the squad was presented officially and on 12 June and started the Tour of Colombia, where Byron