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KPN and Telefónica merger not ruled out

Royal KPN's advisers could soon get the opportunity for more work after Joop Drechsel, general director of the Dutch telecoms company, reignited speculation that there could still be a merger with Spain's Telefónica.

Although he did not go as far as saying that there would definitely be a deal, Drechsel said he would not rule out the chances of one. A spokesman for KPN said: &quotWhat we keep saying is that the deal would have been a good fit and that it still can be a good fit.&quot

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