Telefonica considers making takeover bid for Vodafone Spain: Report
MADRID: Telefonica is considering making a takeover bid for Vodafone Spain, which was bought last year by London-based Zegona, news website El Confidencial reported on Tuesday, citing unidentified sources.
Spanish government fund SEPI, holding company CriteriaCaixa and Saudi telecoms company STC, which together own almost 30% of Telefonica, support the plan, El Confidencial said.
Telefonica, Vodafone Spain, CriteriaCaixa, STC and SEPI declined to comment.
