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Broadband

Ono board decides to press ahead with IPO – report

Wednesday 12 February 2014 | 09:12 CET | News
Spanish cable operator Ono's board of directors gave the green light to proceed with an IPO in a meeting held on 11 February, at the same time deferring a takeover approach from Vodafone, according to unnamed sources close to the matter cited by Reuters. In addition, the board agreed to call a shareholders meeting by mid-March because shareholders also need to approve the IPO. One source said the plan was to first carry out a capital increase of EUR 800 million and later sell existing shares for a total amount of at least EUR 200 million before listing immediately before Easter. That would

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Categories: Fixed
Companies: Liberty Global / Ono / Vodafone
Countries: Spain
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