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General

EU set to approve Vodafone, Ono deal - report

Thursday 26 June 2014 | 10:52 CET | News
The EU's competition authority is set to give its unconditional approval to Vodafone's EUR 7.2-billion takeover of Spanish cable provider Ono, according to unnamed sources cited by Reuters. The deal would be Vodafone's third acquisition of a European fixed-broadband asset in two years and would give the operator immediate access to Ono's extensive fibre network covering 7.2 million Spanish homes. It would also serve to increase Vodafone's 25 percent share of the Spanish mobile market by almost two percentage points. According to the report, the regulators have not demanded concessions from

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