MADRID: Mobile telephone operator Vodafone has started talks to buy Spanish rival MasMovil with the three buyout funds who recently took it over, a newspaper reported on Friday, citing sources with knowledge of the situation.
The operation could value MasMovil at 6 billion euros, including debt, the report said.
Vodafone and MasMovil were not immediately available for comment.
Private equity funds KKR, Cinven and Providence recently bought most shares in MasMovil in a public tender offer that valued the company at 3 billion euros and are planning to squeeze out the remaining minority holders and delist the company in the coming weeks.
European telecoms operators have struggled to boost profit growth in a crowded market and possible consolidation in Spain could be followed by other similar moves in other countries.



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