O2 broadband on the verge of takeover?

Mobile firm is refusing to deny rumours it's planning to sell its home broadband service.

O2 could be looking to sell its home broadband products, according to reports.

Technology news site The Register said that the mobile operator "refused to deny" it is planning to offload its fixed-line broadband business in the UK.

Citing an anonymous source, it claimed O2 may have been "squeezing all it could out of the fixed-line service before potentially selling it off" to a rival broadband provider.

When asked by a reporter from The Register if it was true the company is looking to sell up, an O2 spokesman said: "We do not comment on rumour or speculation."

Last year, O2's broadband arm started rapidly losing customers. The total number fell from 620,300 in December 2011 to just 579,500 in September 2012.

This issue has recently been fuelled by broadband price hikes, confusion over the company's usage policy and ongoing delays to its failure to launch a fibre optic service.

O2 broadband is currently owned by the Spanish telecoms firm Telefonica.

Are you an O2 broadband customer? Worried about what will happen if the company is bought by a rival provider? Share your thoughts in the comments section below.

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