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General

Brussels to decide on Vodafone, Ono deal by 02 July

Tuesday 27 May 2014 | 09:05 CET | News
The EU's competition authority has set a deadline of 02 July by which to decide whether to give its approval to Vodafone's deal to buy Spanish cable provider Ono for EUR 7.2 billion including debt. Vodafone announced the proposed takeover in March with a view to reinforcing its position as Spain's second telecoms operator behind market leader Telefonica. The deal, which would be Vodafone's third acquisition of a European fixed and broadband asset in two years, would give the operator immediate access to Ono's extensive fibre network covering 7.2 million homes. European regulators could in

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Categories: General
Companies: Ono / Vodafone
Countries: Spain
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