MADRID, June 1 (Reuters) - Spain’s Telefonica is not going to bid for Dutch telecoms group KPN’s German business E-Plus, a spokesman said on Friday, denying reports on Dutch public broadcaster NOS.
“We told analysts yesterday that we’re not going to bid for either part or all of KPN. I have nothing else to add,” the spokesman said, confirming a note from Bank of America Merril Lynch.
KPN is weighing asset sales including its German unit E-Plus to fend off an unsolicited partial tender offer by America Movil of Mexico. (Reporting By Robert Hetz, writing by Tracy Rucinski; Editing by Julien Toyer)