Telefonica COO supports consolidation in Spanish telecom crowd
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BARCELONA (Reuters) - A top official at Telefonica said on Wednesday he would support consolidation in Spain's fiercely competitive telecommunications market, where takeover speculation has been rife.The telecoms market in the euro zone's fourth-largest economy has become ever-more crowded, squeezing profits and prompting British peer Vodafone to propose cutting up to one fifth of its workforce there."We would be supportive of consolidation of the Spanish market if that scenario were to take..