Published by Global Banking & Finance Review®
Posted on August 26, 2025
1 min readLast updated: January 22, 2026
Telefonica is weighing a takeover bid for Vodafone Spain, supported by key stakeholders, as part of a strategic review under CEO Marc Murtra.
MADRID (Reuters) -Telefonica is considering making a takeover bid for Vodafone Spain, which was bought last year by London-based Zegona, news website El Confidencial reported on Tuesday, citing unidentified sources.
Spanish government fund SEPI, holding company CriteriaCaixa and Saudi telecoms company STC, which together own almost 30% of Telefonica, support the plan, El Confidencial said.
Telefonica, Vodafone Spain, CriteriaCaixa, STC and SEPI declined to comment.
Marc Murtra, who was appointed as Telefonica chief executive in January, plans to complete a strategic review of the company by the end of the year and has called for consolidation of the European telecoms sector.
Telefonica's new strategy will include a capital increase, the Vozpopuli website reported last week.
(Reporting by Inti Landauro and Jesus AguadoEditing by David Goodman)
A takeover bid is an offer made by an individual or company to purchase another company, typically at a premium over the current market price, to gain control of that company.
A strategic review is a comprehensive assessment of a company's strategy, operations, and market position, aimed at identifying areas for improvement and aligning resources with business objectives.
Explore more articles in the Finance category
