Telefonica considers making takeover bid for Vodafone Spain, El Confidencial reports

Zegona Communications

26/08/2025 10:55

MADRID, Aug 26 (Reuters) - Telefonica TEF.MC is considering making a takeover bid for Vodafone Spain, which was bought last year by London-based Zegona ZEG.L, news website El Confidencial reported on Tuesday, citing unidentified sources.

Spanish government fund SEPI, holding company CriteriaCaixa and Saudi telecoms company STC 7010.SE, which together own almost 30% of Telefonica, support the plan, El Confidencial said.

Telefonica, Vodafone Spain, CriteriaCaixa, STC and SEPI declined to comment.

Marc Murtra, who was appointed as Telefonica chief executive in January, plans to complete a strategic review of the company by the end of the year and has called for consolidation of the European telecoms sector.

Telefonica's new strategy will include a capital increase, the Vozpopuli website reported last week.

 (Reporting by Inti Landauro and Jesus Aguado
Editing by David Goodman)

 ((Inti.Landauro@thomsonreuters.com;))