Telefonica refutes report of AT&T takeover bid
Telefonica is throwing cold water on a report that AT&T made an offer to acquire it.
In a statement released Monday, the Spanish telecommunications giant said that "in relation to press rumors published today, Telefonica states that it has not received any approach, nor any indication of interest, neither verbal nor in written form, from any party."
Telefonica was responding to a story published Monday by Spanish newspaper El Mundo saying that AT&T had initiated a tender offer to acquire the company to the tune of 70,000 million euros ($93 billion) and take … Read more