O2 (Ireland) fixed line and mobile services are branded as movistar. In January 2009, it was revealed that Ireland was nearly the most profitable market in the world for multinational mobile operators like O2. On 23 March 2009 Vodafone and O2's parent company Telefónica announced a deal to share their existing networks in Ireland and rollout future infrastructure jointly. On 6 April 2011 it was announced that Telefónica O2 Ireland and Eircom had agreed a new network sharing partnership. On 24 June 2013, it was announced that Hutchison Whampoa would acquire Telefónica's Irish mobile operations for €780 million, to be merged into
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.