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		</div><p>The Spanish owner of O2 said it may float the British mobile network after seeing a tie-up with rival operator 3 collapse.</p>
<p>Telefonica said it had started exploring strategic options for the UK business, including the possibility of an initial public offering (IPO).</p>
<p>But it said it would continue to hold a majority shareholding in the business if any such move took place.</p>
<p>The update comes as Telefonica announced it would also float infrastructure subsidiary Telxius Telecom in the second half of this year.</p>
<p>It will be listed on the Barcelona, Bilbao, Madrid and Valencia stock exchanges and included on the Spanish Continuous Market.</p>
<p>The European Commission formally blocked Hong Kong-based mobile operator CK Hutchison, which owns 3, from pushing through a £10.3bn (€12.2bn) takeover of O2 in May.</p>
<p>EU antitrust regulators argued that the deal would have meant higher prices and less choice for UK consumers.</p>
<p>European regulators had been studying the deal for several months after CK Hutchison and Telefonica entered into exclusive talks in January 2015.</p>
<p>O2 has around 28.5% of the UK market, but a merger with Three&#8217;s share of just over 8% would have seen it climb to become the biggest operator in the UK.</p>
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