Spirit India

SpiritIndia – Spirit of India – SpiritIndia.com

Vodafone to buy Spanish cable operator Ono for 7.2 billion euros

Vodafone has agreed to buy Spanish cable operator Ono for 7.2 billion euros in a deal aimed at expanding its interests in Europe.

Ono, which is private equity-owned, offers cable TV and Internet services and has 1.9 million customers in Spain.

Vodafone boss Vittorio Colao said the deal was an attractive value creation opportunity. The deal comes just six months after Vodafone bought a controlling stake in German cable operator Kabel.

Before the Vodafone deal, Ono’s private equity owners had been planning to float the company on the Madrid stock exchange.

Business Editor

Vodafone to buy Spanish cable operator Ono for 7.2 billion euros
by ( Author at Spirit India )
Posted on at 5:16 am.
Find more from SpiritIndia on: Business
Medical News Update
White Box Theme : Skin: Blue Facebook | Version: 25.10 | Second: 1.126 | Queries: 37 | 2017-03-27 18:13:34
Alexa Traffic Rank - Global: 1874541 | India: 199456