El Economista is stoking speculation once again of a possible tie-up of some sort between Vodafone España S.A.U. and MásMóvil Ibercom, S.A. According to the paper's unnamed sources, the two companies are exploring the setting up of a new entity to merge their respective businesses without any cash changing hands. The report goes on to say that Vodafone, presumably at Group level, would hold a majority stake of between 60% and 80% in the joint venture. El Economista put the joint venture claims to Msmovl, which were met with a flat denial.

"Neither Msmovl nor its shareholders are negotiating absolutely anything with Vodafone," the operator told the newspaper. Outgoing Vodafone Spain Chief Executive Officer Antonio Coimbra did not provide any comment on the reported negotiations, indicating that the whole thing was a matter for Vodafone Group Plc (LSE:VOD) (Vodafone Group).