MADRID, Oct 23 (Reuters) - Both Vodafone and
MasMovil denied a report by the El Confidencial news
website saying the Spanish mobile operator was working with
Goldman Sachs to buy the British telecom's business in Spain for
6 billion euros ($6.67 billion).
MasMovil and Goldman Sachs have held talks with the world's
second largest mobile operator regarding its Spanish business,
the Spanish website reported citing unnamed sources close to the
talks.
Consultancy firm McKinsey was also involved and in charge of
a strategic plan which estimated synergies worth 2 billion
euros, it said.
"MasMovil is not working on a process to buy, merge or
create a joint venture with Vodafone Spain," a MasMovil
spokesman said.
A Vodafone spokesman said: "There is no truth whatsoever in
speculation that Vodafone is in talks with MasMovil."
Vodafone has a market value of about 50 billion euros while
MasMovil is worth 2.95 billion euros, Refinitiv data showed.
($1 = 0.8988 euros)
(Reporting by Andres Gonzalez and Paul Sandle, writing by Jose
Elías Rodríguez; editing by Jason Neely)