Telefonica plans China, Ireland expansions

Spain's Telefonica SA doesn't look to be slowing the pace on its aggressive international expansion. Prolific international moves fueled strong earnings for the holding group recently, and just this week there are reports Telefonica is looking to grow its 5% stake in China Netcom Group, operator of China's second largest wireline carrier, to about 9.9%. Also, Telefonica's O2 unit is reportedly looking to acquire wireline and broadband assets in Ireland.

For more:
- see this story about the China stake in The Wall Street Journal
- check out this report about Ireland in CNN Money

Related articles:
- Telefonica recently said net income jumped 39% 

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