Brexit Uncertainty Threatens to Chill Investment, O2 Chief Warns
- ‘The sooner we get clarity on what will play out, the better’
- British phone carrier says Brexit hasn’t hurt sales thus far
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The U.K.’s second-biggest wireless carrier said that uncertainty over Brexit’s timing and terms threatens to suppress business investment, as separation talks between Britain and the European Union continue to stall.
“It’s not great to investors to say we’re not quite sure how this is going to play out,” said Mark Evans, head of Telefonica SA’s O2 unit. “We operate in a market which requires multi-hundred million, billion investment and you need long-term certainty.”