UPDATE 2-Telefonica to price German sale low -sources


* Eyeing 5.50-5.60/shr vs 5.50-6.00 previously -sources * Telefonica to raise as much as 1.45 bln euros * Books covered throughout new range -source (Adds detail, background) By Alexander Hübner and Kylie MacLellan FRANKFURT/LONDON, Oct 29 (Reuters) - Spain's Telefonica SA is expected to sell shares in its German O2-branded subsidiary at the lower end of its indicative price range, four sources close to the sale told Reuters ...

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