MasMovil says had no contacts with Vodafone over potential takeover

FILE PHOTO: A balloon with the logo of  Masmovil is seen during its bourse debut in Madrid
FILE PHOTO: A balloon with the logo of Masmovil is seen during its bourse debut in Madrid, Spain, July 14, 2017. REUTERS/Juan Medina/File Photo

September 25, 2020

MADRID (Reuters) – Spanish mobile telephone operator MasMovil has had no interaction with London-based rival Vodafone about a possible takeover, a MasMovil spokesman said on Friday.

On Friday, Spanish newspaper El Economista reported that Vodafone had started preliminary talks to buy MasMovil with the three buyout funds who recently took it over, citing sources with knowledge of the situation.

(Reporting by Isla Binnie and Inti Landauro; editing by Jesús Aguado)