Telefonica In Talks To Pay $8B For KPN's German Unit

Law360, Los Angeles (July 22, 2013, 10:03 PM EDT) -- The German unit of Telefonica SA is looking to combine itself with E-Plus, the German mobile phone unit of Royal KPN NV, in a bid to boost its competitiveness in Europe’s toughest wireless market, Telefonica confirmed Monday.

Telefonica Deutschland Holding AG, known in Germany under the brand name O2, would pay about €6 billion, or nearly $8 billion, for its rival, issuing hybrid debt to finance the deal and granting a portion of the stake of the newly formed company to KPN, according to a report...
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