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Spain's Telefonica in preliminary talks with BT over UK operations

Source: Reuters - Mon 24th Nov 2014
Spain's Telefonica in preliminary talks with BT over UK operations

Spanish telecoms group Telefonica said on Monday it was in preliminary talks with BT over a potential transaction involving its UK unit.

"Telefonica informs that, although it is in talks with British Telecom, these talks are in a highly preliminary phase and there is no certainty that a transaction will take place," the firm said in a statement to Spain's stock market regulator.

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