
(Digital Marketing Agency, thesnsgroup.com)- If Spanish
website El Confidencial is to be believed, Madrid-based broadband and telecommunications provider
Telefonica is likely to sell its UK mobile operator O2 to
British Telecom in return for a 20 percent share in BT as part of a
"strategic alliance" to strengthen the pair.
"According to various sources, the talks between
Telefonica and British Telecom are advanced although no final deal
has been reached", reported the website.
However, a spokesman at Telefonica declined to comment
on the report, while no one at BT has to date broken the silence on the matter.
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