MásMóvil Ibercom, S.A. has started talks over a possible merger with Vodafone España S.A.U., newspaper Expansion reported, citing sources with knowledge of the process. MasMovil has set a first valuation of the Vodafone unit at EUR 7.5 billion ($8.96 billion), the newspaper said. Expansion did not say who would control the merged entity if a merger proceeded. A MasMovil spokesman said he could not immediately comment, while a spokesman for Vodafone declined to comment.