January 2006
M&A: Telefónica connects with 02
by Alex Chambers & Mark Brown
“We’ve been waiting for two years, but finally the name of the game in 2006 for corporates is M&A refinancing,” says Arnaud Achour, head of origination, debt capital markets, at SG.
The airlines must be considering increasing the prices of business class seats from London to Madrid, such is the regularity of bankers’ visits to Spain. And it’s not just Citigroup, Goldman Sachs and Royal Bank of Scotland – the three arrangers of the acquisition funding for Telefónica’s purchase of UK mobile phone network O2 that are building up air miles. Telefónica has many investment banking mouths to feed and has met with many relationship banks to hear their...
