Telefonica, O2 move into Munich skyscraper

Telefonica's 1,800 employees in Germany are moving to a Munich skyscraper. The move is designed to unify the headquarters of Telefonica Deutschland and telecom company O2. The Spanish telecommunications giant acquired 02 in a EUR 24.2 bn takeover in early 2006. The headquaters move is to be completed by February 2007.

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