Telefonica is contemplating a takeover offer for Vodafone Spain, according to El Confidencial.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 26 2025
0mins
Source: Reuters
Telefonica's Takeover Consideration: Telefonica is reportedly considering a takeover bid for Vodafone Spain, which was acquired by Zegona last year.
Support from Major Stakeholders: The plan has the backing of significant stakeholders including the Spanish government fund SEPI, CriteriaCaixa, and Saudi telecom company STC, who collectively own nearly 30% of Telefonica.
Strategic Review Under New CEO: Marc Murtra, appointed as Telefonica's CEO in January, aims to complete a strategic review of the company by year-end, advocating for consolidation within the European telecom sector.
Planned Capital Increase: As part of its new strategy, Telefonica is expected to implement a capital increase, according to reports from Vozpopuli.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.







