11:34 AM EDT, 07/30/2025 (MT Newswires) -- Telefonica ( TEF ) may expand its defense business outside Spain with a focus on securing EU and NATO contracts as military spending climbs, Bloomberg reported Wednesday, citing an interview with Executive Chairman Marc Murtra.

Telefonica ( TEF ) can offer capabilities to "allied countries, whether within the European Union, within NATO or beyond," Murtra said, according to the report. "We believe there will be European coordination to ensure there is no duplication of capabilities among allies."

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