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. Last Updated: 07/27/2016

Telefonica Job on Hold

MADRID, Spain -- The controversial appointment of outgoing European Commissioner Martin Bangemann to a top job at Spanish telecommunications company Telefonica is on hold, a company source said.

The Telefonica source said Thursday the company's board postponed a vote Wednesday on Bangemann's appointment, which would have made him a senior executive in the industry he oversaw from Brussels, and which has caused a storm of protest around Europe.

No decision on Bangemann's appointment is likely before September, when Telefonica's board was next due to meet, the source said.