Telefonica S.A. (TEF) is in advanced talks to purchase Royal KPN NV's (KPN.AE) German operations, in a deal that could be announced as early as Monday afternoon following board meetings, The Financial Times reported Monday, citing two people close to the situation. The details of the agreement are still being negotiated, the sources said, with the price at about $6 billion.

Full story at http://www.ft.com/intl/fastft

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