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TELEFONICA DE ESPANA MAY WITHDRAW OFFER TO BUY STAKE IN ENTEL

Telefonica de Espana SA has reiterated that it may withdraw its offer to buy a 40% stake in Entel, the Argentinian state telecommunications operator: the Spanish phone company wants a clear indication from the Argentinian Congress by January that the deal will be approved, or it will be reconsidering.

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CBR Staff Writer

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