Zegona gains on Spanish media talk of Telefonica approach

By Reuters News

** Zegona Communications ZEG.L gains more than 4% following Spanish media speculation about Telefonica TEF.MC seeking to buy the UK telecom group's Vodafone Spain business

** Vozpopuli, citing unnamed sources, reports that Telefonica has approached Zegona once again in recent weeks regarding a potential acquisition of the unit

** Telefonica declines to comment on the report

** By 0907 GMT, Zegona up 4.5% to its highest in around 3 months. Telefonica up 0.7%

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