Telefonica (TEF.MC), opens new tab is considering making a takeover bid for Vodafone Spain, which was bought last year by London-based Zegona (ZEG.L), opens new tab, news website El Confidencial reported on Tuesday, citing unidentified sources. Spanish government fund SEPI, holding company CriteriaCaixa and Saudi telecoms company STC (7010.SE), opens new tab, 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, opens new tab 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.
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