Telefonica of Spain has apparently approached KPN about acquiring the Dutch telecoms operator for around Euro20bn.
If such a deal were to go ahead it could lead to the biggest shake-up of the European telecoms industry for years. It would also create another sizeable pan-European player to rival France Telecom, Deutsche Telekom and Vodafone.
Both Telefonica and KPN are denying the rumours.
Monday, October 03, 2005
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