UPDATE 2-Liberty and Telefonica in $38 bln UK tie-up to take on BT <!-- no image --> <div>* Targets 6.2 bln stg of annual synergies in five years (Adds details, backgound, shares)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=U47y3v0zQko:xkDSeZtSr4Y:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=U47y3v0zQko:xkDSeZtSr4Y:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=U47y3v0zQko:xkDSeZtSr4Y:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=U47y3v0zQko:xkDSeZtSr4Y:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=U47y3v0zQko:xkDSeZtSr4Y:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/U47y3v0zQko" height="1" width="1" alt=""></div> Posted by Reuters