Advertisement
UK markets closed
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     
  • CRUDE OIL

    83.40
    +1.50 (+1.83%)
     
  • GOLD FUTURES

    2,335.70
    -10.70 (-0.46%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • Bitcoin GBP

    53,346.22
    -75.79 (-0.14%)
     
  • CMC Crypto 200

    1,426.91
    +12.15 (+0.86%)
     
  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     
  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     

Telefonica in talks to sell O2 to BT - report

MADRID, Nov 24 (Reuters) - Spain's Telefonica could sell its UK mobile operator O2 to British Telecom in return for a 20 percent stake in BT as part of a "strategic alliance" to strengthen the pair, Spanish website El Confidencial reported on Monday.

"According to various sources, the talks between Telefonica and British Telecom are advanced although no final deal has been reached", said the website.

A spokesman at Telefonica declined to comment on the report.

No one at BT was immediately available for comment. (Reporting by Sarah Morris; additional reporting by Robert Hetz; Editing by Mark Potter)