O2 (Ireland) BT Group and 1 mm02 share for each British Telecommunications share they held. After the de-merger, most of mmO2's operations, including Digifone, were rebranded O2. mmO2 plc later became O2 plc and remained an independent company until 2005. On 31 October 2005 it was announced that Telefónica, S.A., the Spanish telecommunications company, had made a recommended takeover bid for O Ireland's parent company, O2 plc. This was then approved by shareholders and O was officially purchased in mid February 2006. The O2 brand is now used in several countries for Telefónica's mobile operations outside Spain and Latin America, where Telefónica
State monopoly capitalism between the state and big business postulated earlier was not so tight that it could not be undone by a mass movement from below, under the leadership of the Communist Party (or its central committee). When Varga introduced the theory, orthodox Stalinist economists attacked it as incompatible with the doctrine that state planning was a feature only of socialism, and that "under capitalism anarchy of production reigns." Critics of the theory (e.g., Ernest Mandel and Leo Kofler) claimed that: State monopoly capitalism The theory of state monopoly capitalism (also referred as stamocap) was initially a Marxist doctrine popularised after World