Spain's Telefonica SA is not currently in talks with Dutch telecom group KPN over sharing their mobile networks in Germany, a senior Telefonica executive said on Tuesday."There are no active discussions with KPN on that subject right now," Eduardo Navarro, Telefonica's director of strategy and alliances, told reporters in Sao Paulo. "In Germany we have a competitive advantage over KPN, which is our 4G network. So any arrangement would have to preserve that advantage."His comments tamped down expectations of a network-sharing deal for Telefonica subsidiary O2 Germany and KPN's E-Plus, which would help cut capital expenditures for the two highly indebted groups.The Financial Times reported earlier this month that discussions on such a deal were set to reopen.
Telefonica SA is a Spain-based company active in the telecommunications and digital services sectors. Shares of TEF traded higher by 1.28% or $0.18/share to $14.19. In the past year, the shares have traded as low as $10.06 and as high as $15.44. On average, 2098900 shares of TEF exchange hands on a given day and today's volume is recorded at 892360.
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