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,
Department of Information and Communications Technology law took effect in June 9, 2016 which marked the establishment of the DICT. The functions of the following government agencies have been transferred to the DICT: The following agencies are attached to the DICT for purposes of policy and program coordination: Department of Information and Communications Technology The Department of Information and Communications Technology (abbreviated as DICT; ) is the executive department of the Philippine government responsible for the planning, development and promotion of the country's information and communications technology (ICT) agenda in support of national development. The Commission on Information and Communications Technology, a preceding agency, was created