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Telefonica wants to improve collaboration with 1&1 and is weighing takeover of 1&1 in the long-term, Handelsblatt reported
- Representatives of 1&1 and Telefonica have discussed closer collaboration, Handelsblatt reported citing three people familiar with the matter.
- Long-term takeover of 1&1 is also being considered.
- This comes after recent dismissal of Telefonica Germany CEO Markus Haas.
- It’s unclear whether the competition authority will approve the merger.