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Telefonica's (TEF) efforts to pare its €58.3B debt load could lead to an IPO for its...

Telefonica's (TEF) efforts to pare its €58.3B debt load could lead to an IPO for its British O2 unit in 1H13, think some analysts. "Why would you IPO O2 in Germany and not O2 in the UK?," one asks rhetorically. Telefonica has already said it's open to listing its faster-growing Latin American ops next year, though it recently shot down speculation it would sell its indirect 10% stake in Telecom Italia. Separately, France Telecom's (FTE) CFO says an IPO is possible at the end of 2013 for its Everything Everywhere U.K. mobile JV.
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