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Spain/Italy: Telefonica may add to EU telco earthquake

By  |  September 11, 2013

Spain’s wireless giant Telefonica is considering a buyout of Telecom Italia so long as Telefonica does not accumulate more debt, a source told reporters Wednesday. If true, the transaction would be yet another addition towards a consolidated telco market throughout the EU. The report comes as EU telco chief Neelie Kroes plans to present industry overhaul policies on Thursday.

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    Reports cite analysts as predicting Telefonica may swap shares or even divest assets to afford the buyout.

    Telefonica is scheduled to hold a shareholder meeting on September 19.

    Full Content: Reuters

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