Telefonica Offers to Create Rival to Ease E-Plus Deal -FT
April 14 2014 - 6:54PM
Dow Jones News
Telefonica SA (TEF) is offering to create a rival in Germany in
an effort to win regulatory approval for its proposed takeover of
E-Plus, the German unit of KPN Mobile NV (KPN.AE), the Financial
Times reported Monday on its website, citing a confidential
document outlining the proposal.
In part, Telefonica is offering to lease a small amount of
higher-frequency spectrum to a competitor replacing E-Plus, as part
of the company's opening proposal in negotiations with
regulators.
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