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EU approves Telefonica takeover of KPN German unit-Reuters

Wednesday, 2 Jul 2014 07:18am EDT 

Telefonica SA:Telefonica won EU antitrust clearance for its 8.6-billion-euro ($12 billion) takeover of KPN German mobile arm-Reuters.Commission insisted that company sold up to 30 percent of the merged company network capacity and would also divest radio wave spectrum.