Bertelsmann and Telefonica Discuss Alliance, says Report

13 February 2001

Thomas Middelhoff, chairman of media mammoth Bertelsmann, has been in talks since November with Spanish telecoms company Telefonica over a possible alliance, claimed German newspaper Euro am Sonntag at the weekend.

Bertelsmann is keen to take over Telefonica’s media arm, says the report, and wants to supply the telecoms business with content for its third-generation mobile phones.

News Source: Handelsblatt (Germany)