Telefonica eyes sale of minority stake in Britain's O2

MADRID (AP) — Spanish telecommunications company Telefonica says it is considering selling a minority stake in its British mobile phone operator O2, four months after regulators blocked its takeover.

Last May, the European Union's regulator blocked a $15 billion takeover of O2 by CK Hutchison, citing concerns the deal would have stifled innovation and led to higher prices for consumers.