Telefonica and Vodafone to share mobile phone networks

Telefonica and Vodafone to share mobile phone networks Madrid - Telecommunications operators Telefonica and Vodafone announced Monday that they will share mobile phone networks in Spain, Germany, Ireland and Britain.

They are also discussing possible cooperation in the Czech Republic, the companies told the Spanish stock market watchdog CNMV.

The cooperation will save the companies hundreds of millions of euros, Telefonica and Vodafone said, describing their agreement as "historic" in Europe. (dpa)

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