The Spanish group dismisses sell O2 in the UK if the operation is not included in an agreement or other countries.
César Alierta, chairman of Telefónica, explained today London negotiations with BT, although still at a preliminary stage, are “fluid” and are aimed at creating “a global alliance between the two companies.”
According to Alierta said in an act of Chamber of Commerce of Spain in Britain, “it is clear that Telefónica and BT are highly complementary in the UK, but there are synergies in other countries.”
BT has fixed on the British market, while focuses on mobile O2. Outside the UK, BT Group provides services to major clients in almost everyone, while Telefonica has business fixed and mobile telephony in several countries in Europe and Latin America.
On Monday, BT and Telefónica admitted the existence of negotiations for an agreement. Analysts believe that the British company could buy O2 Telefonica, in exchange for a 20% stake in BT that allows them to continue working in various businesses
& gt.; Alierta almost completely ruled out the possibility of selling 02 BT for an amount in cash and leave the UK, as this country is “strategic” for the group. Analysts value O2 9,000 million pounds (11,340 million euros)
& gt.; Given the possibility that BT prefer an ally among British operators EE mobile, President of the Spanish group said that if he were in the situation of the British company, “also negotiate with several” and he added that Telefonica could seek other global agreements if it does not go forward
& gt.; On the political situation in Spain, the president of the attendant said he is not concerned about the rise in the polls can. Alierta said that Catalonia and the rest of Spain benefit from each other to form one country.
“The great advantage of the companies and the Spanish economy is that we can access to a market of one billion people, by adding Europe and Latin America. So can it be large companies at home and Telefónica “he said.
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