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General

EC approves Vodafone's EUR 7.2 bln takeover of Ono

Thursday 3 July 2014 | 09:00 CET | News
The European Commission has approved Vodafone's EUR 7.2 billion takeover of Spanish cable provider Ono without conditions. The deal, which Vodafone said will now be closed "within two to three weeks", represents the UK operator's third acquisition of a European fixed-broadband asset in two years and gives it immediate access to Ono's extensive fibre network covering 7.2 million Spanish homes. It also serves to increase Vodafone's 25 percent share of the Spanish mobile market by almost two percentage points. In approving the takeover, the Commission concluded that the transaction "would not

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Categories: General
Companies: European Commission / Ono / Vodafone
Countries: Spain
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