By Euro Weekly News Media •
Published: 07 Mar 2014 • 18:11
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.
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