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Telefonica lines up nine banks for 3 bln-euro capital hike- source

Reuters - UK Focus

LONDON, March 19 (Reuters) - Spanish telecoms firm Telefonica has lined up nine banks to run its 3 billion-euro ($3.2 billion) capital increase in connection with its purchase of Vivendi (Swiss: VIV.SW - news) 's Brazilian unit GVT, a source familiar with the matter said on Thursday.

UBS (NYSEArca: FBGX - news) , Morgan Stanley (Xetra: 885836 - news) and JP Morgan will lead the deal, which could be announced as soon as next week, the source said.

BofA Merrill Lynch, Barclays (LSE: BARC.L - news) and HSBC are also running the deal, as well as domestic banks BBVA, CaixaBank (Other OTC: CAIXY - news) and Santander, the source added.

The banks either declined to comment or were not immediately available to comment. (Reporting By Freya Berry; additional reporting by Sarah White and Jesus Aguado in Madrid; editing by Anjuli Davies)