0
Broadband

Ono to propose up to EUR 1 bln share offering

Thursday 13 February 2014 | 16:12 CET | News
Spanish cable operator Ono will propose a EUR 1 billion capital hike preceded by a consolidation of existing stock at the company's annual shareholders meeting on 13 March. The stock consolidation will take the form of a reverse split, with shareholders receiving one new share for every ten hold, raising the nominal value of the shares to EUR 8.30 from EUR 0.83. Shareholders will also consider a proposal to raise up to EUR 1 billion in a public offering. This would imply the issue of up to 120.48 million shares, based on the nominal value of EUR 8.30 per share. At the AGM, Ono will also seek

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Liberty Global / Ono / Vodafone
Countries: Spain
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Ono sale in line with telecoms consolidation in EU - Soria

Published 19 Mar 2014 10:58 CET | Spain
Vodafone's EUR 7.2 billion acquisition of Spanish cable provider Ono is in line with the expected consolidation of European ...

Vodafone-Ono deal "bad news for the sector" – OCU

Published 18 Mar 2014 11:32 CET | Spain
Vodafone's recently-announced deal to buy Spanish cable provider Ono for EUR 7.2 billion is "bad news for the sector", according ...

Ono deal vote of confidence in Spain's economy-Vodafone CEO

Published 17 Mar 2014 15:27 CET | Spain
Vodafone's deal to buy Spanish cable provider Ono for EUR 7.2 billion is not a gamble but a reflection of the UK group's belief ...

Vodafone agrees deal to buy Ono for over EUR 7 bln - report

Published 14 Mar 2014 09:36 CET | Spain
The shareholders of Spanish cable operator Ono have approved plans for an initial public offering as some Spanish press sources, ...

Vodafone ups offer for Ono in preliminary deal - report

Published 10 Mar 2014 09:16 CET | Spain
Vodafone has raised its offer for Spanish cable operator Ono to EUR 7 billion including debt and has reached a preliminary ...

Ono sets date for shareholder meeting on IPO plans

Published 12 Feb 2014 12:49 CET | Spain
Spanish cable operator Ono has released a short statement confirming that it will hold a shareholders meeting on 13 March to seek ...

Ono board decides to press ahead with IPO – report

Published 12 Feb 2014 09:12 CET | Spain
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 ...

Vodafone makes formal EUR 7 bln bid for Ono – report

Published 10 Feb 2014 09:37 CET | Spain
Vodafone has made a formal bid to acquire Spanish cable operator Ono for around EUR 6.9 billion, reports Spanish business daily ...

Ono adds further 183,000 mobile lines in Q4

Published 03 Feb 2014 12:11 CET | Spain
Spanish cable operator Ono has confirmed that it added 183,000 new mobile subscriptions between October and December 2013, ...

Ono presses ahead with IPO amid takeover interest - report

Published 30 Jan 2014 09:19 CET | Spain
Spanish cable operator Ono, reportedly a takeover target for Vodafone and Liberty Global, has filed a preliminary prospectus for ...

Liberty to vie with Vodafone for Spain's Ono – report

Published 28 Jan 2014 17:50 CET | Spain
Liberty Global is competing with Vodafone for Spain's largest cable operator, Ono, reports the Financial Times, citing unnamed ...