Vodafone Looks to ONO

SPANISH cable group ONO looks like it will be sold to British telecommunications group Vodafone.


According to Reuters “people with knowledge of the discussions” said that a preliminary deal was reached today (Friday).


No price has been announced, but it is thought it would have to be substantially higher than the €7 billion the company was being prepared to be listed at.


The purchase, if it goes through, is part of a plan to expand and improve its European business after the sale of its US arm for $130 billion (€93.8 billion) last year.

Author badge placeholder
Written by

Euro Weekly News Media

Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews