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9/25, 12:01 PM (Source: TeleTrader)
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Vodafone in talks to buy MasMovil for €6B - report

British telecommunications company Vodafone has reportedly started negotiations on buying Spanish rival MasMovil together with the three buyout funds who recently took it over.

According to El Economista newspaper's Friday report, this deal values MasMovil at approximately €6 billion, including debt.

By acquiring MasMovil, Vodafone would regain the second spot in the Spanish market, after leading Telefonica, and would have the leadership in the mobile telephony sector.

Breaking the News / TF