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In addition, O2 UK has a 50% interest in a joint venture, Tesco Mobile, to sell exclusively Tesco-branded mobile services in Tesco stores across the UK, using O2s technology and network. Furthermore, O2 Germany has a 50% interest in Tchibo Mobilfunk, a joint venture with Tchibo GmbH, which is selling an O2 pre-pay mobile service in Germany.
mmO2 was formed when UK incumbent, BT, decided to demerge its wireless business, BT Wireless, from its fixed-line and other operations. The demerger was agreed to by BT shareholders in October 2001 and the new name, mmO2, was approved.
On November 16, 2001, mmO2 plc became the parent company of the mmO2 group of companies and on November 19, 2001, its ordinary shares were listed on the London Stock Exchange and the New York Stock Exchange...
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