Update: Market Chatter: Telefonica to Resume Vodafone Spain Acquisition Talks With Zegona

06:08 AM EDT, 09/16/2026 (MT Newswires) -- (Updates to include Zegona's response in the third paragraph.) Telefonica (TEF) has resumed discussions with Zegona Communications over a potential acquisition of Vodafone Spain, with the Spanish telecom operator seeking to revive preliminary talks held previously, Vozpopuli reported Monday, citing sources familiar with the matter. The discussions had stalled amid an unfavorable geopolitical and macroeconomic environment, while Telefonica also viewed Zegona's valuation expectations as too high, according to a Google translation of the report. A spokesperson for Zegona declined MT Newswires' request for comment, while Telefonica didn't immediately respond. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)