British mobile operator O2 putting 10 billion pounds IPO plans on hold

British mobile operator O2, which is owned by Spain's Telefonica, is putting its 10 billion pounds ($13 billion)initial public offering plans on hold, the Press Association reported on Monday.

Britain's second-largest mobile operator had been expected to list on the London Stock Exchange this year but is postponing the float amid market uncertainty until after Brexit, according to the report.