June 1, 2012 / 8:05 AM / 8 years ago

Telefonica denies plans to bid for KPN's E-Plus

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)

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