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 Grid Corporation of China State Grid Corporation of China The State Grid Corporation of China (SGCC; ), commonly known as the State Grid, is the state-owned electric utility monopoly of China. It is the largest utility company in the world, and as of 2018, the world's second largest company overall by revenue. In 2016/17 it was reported as having 927,839 employees, 1.1 billion customers and revenue of 363.125 billion dollars. After the electricity "Plant-Grid Separation" reform in early 2002, the assets of State Electric Power Corporation (国家电力公司) were divided into the five "power generation groups" that retained the power plants and five regional subsidiaries