REUTERS/Nacho Doce/File photo Acquire Licensing RightsMADRID, Oct 9 (Reuters) - U.S.-based buyout fund Apollo Global Management is readying a bid with local fund JB Capital for the Spanish unit of telecom giant Vodafone (VOD.L), the Expansion newspaper reported on Monday citing unidentified sources with knowledge of the matter.
The news about a potential bid comes three weeks after British telecom investment company Zegona (ZEG.L) said it was in talks with Vodafone to buy the Spanish unit.
Vodafone CEO Margherita Della Valle launched a strategic review of the Spanish unit earlier this year.
Vodafone is one of the three largest telecom operators in Spain together with Telefonica (TEF.MC) and the local unit of France's Orange (ORAN.PA).
Apollo and JB Capital did not immediately respond to requests for comment.
Persons:
Nacho, Margherita Della Valle, Inti Landauro, Jason Neely
Organizations:
Vodafone, Congress, REUTERS, Rights, Apollo Global Management, JB Capital, Spanish, Telefonica, Thomson
Locations:
Barcelona, Spain, Rights MADRID