MADRID (Business) – Telefonica SA from Spain confirmed on Monday on opening talks with billionaire John Malone’s Liberty Global Plc over a possible merger between the two.
The talks to merge O2 and Liberty’s Virgin Cable network company have just started.
“The process started between both parties is in negotiation phase, with no guarantee, at this point, precise terms or its probability of success.”
– Telefonica
(Photos syndicated via Reuters)
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