0
General

Ono to renegotiate debt after Vodafone takeover - interview

Monday 7 April 2014 | 09:34 CET | News
Spanish cable operator Ono, which last month agreed to a EUR 7.2 billion takeover offer from Vodafone, will shortly look to renegotiate the terms of its debt pile, according to Vodafone Spain's CEO Antonio Coimbra. "We will renegotiate the debt to obtain conditions that are more compatible with our financial situation," said Coimbra in an interview with Spanish daily El Pais. The figure at which Vodafone agreed to acquire Ono included debt of around EUR 3.4 billion in bank loans and bonds. However, Coimbra gave no further details as to the structure or terms that Ono and Vodafone would

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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: General
Companies: European Commission / Movistar / Ono / Orange Spain / Telefonica / Vodafone Spain
Countries: Spain
::: add a comment
This article is part of dossier

Fibre


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 upgrades network, unveils new 200 Mbps tariffs

Published 21 Oct 2014 15:15 CET | Spain
Spanish cable operator Ono, recently acquired by Vodafone, has launched two new convergent tariffs and announced the completion ...

Vodafone, Orange update FTTH agreement following Ono deal

Published 23 Jul 2014 14:42 CET | Spain
Vodafone Spain and Orange Spain have announced an update to their 2013 deal to jointly invest in bringing FTTH access to 3 ...

EC approves Vodafone's EUR 7.2 bln takeover of Ono

Published 03 Jul 2014 09:00 CET | Spain
The European Commission has approved Vodafone's EUR 7.2 billion takeover of Spanish cable provider Ono without conditions. The ...

EU set to approve Vodafone, Ono deal - report

Published 26 Jun 2014 10:52 CET | Spain
The EU's competition authority is set to give its unconditional approval to Vodafone's EUR 7.2-billion takeover of Spanish cable ...

Spain leaves approval of Vodafone, Ono deal to EU - report

Published 17 Jun 2014 11:10 CET | Spain
Spain's telecoms regulator CNMC will not be ruling on Vodafone's proposed takeover of Spanish cable provider Ono for EUR 7.2 ...

Vodafone to launch first joint Ono offers in Sept - report

Published 11 Jun 2014 09:13 CET | Spain
Vodafone Spain is set to launch its first joint offers with Spanish cable provider Ono in September, reports El Economista citing ...

Brussels to decide on Vodafone, Ono deal by 02 July

Published 27 May 2014 09:05 CET | Spain
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 ...

Ono to be 'backbone' of Vodafone strategy for Spain - CEO

Published 20 May 2014 16:22 CET | Spain
Spanish cable provider Ono, which Vodafone acquired in March for EUR 7.2 billion, will be the "backbone" of the UK operator's ...

Only room for 3 or 4 major operators in Spain -Vodafone CEO

Published 23 Apr 2014 10:18 CET | Spain
The Spanish telecommunications market only has room for three or four major operators, which should be allowed to compete on a ...

Ono to hold shareholder meeting on 24 April to cancel IPO

Published 21 Mar 2014 15:34 CET | Spain
Spanish cable operator Ono is to hold an extraordinary shareholders meeting on 24 April to cancel its flotation on the Madrid ...

Ono doubles fibre speed to 100 Mbps for new customers

Published 20 Mar 2014 16:56 CET | Spain
Spanish cable provider Ono has launched a new promotion under which new customers signing up to the operator's 50 Mbps fibre ...

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 ...

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 to acquire Ono for EUR 7.2 bln

Published 17 Mar 2014 08:36 CET | Spain
Vodafone has agreed to acquire Ono for a total consideration equivalent to EUR 7.2 billion (GBP 6 billion) on a debt and cash ...

Ono adds 181,000 mobile lines to reach 1.09 million in Q4

Published 14 Mar 2014 16:29 CET | Spain
Spanish cable operator Ono reported a 1.3 percent increase in net revenues to EUR 415 million in the last quarter of 2013 and a ...

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 ...

Spain supports consolidation of European telecoms operators

Published 24 Feb 2014 16:04 CET | Spain
Spain's industry minister, Jose Manuel Soria, has insisted that the government strongly supports a consolidation of European ...





Calendar   /   Industry Events

28 Oct World Radiocommunication Conference
12 Nov Wi-Fi NOW International
13 Nov Sunrise Q3 2019
13 Nov Japan Display fiscal Q2
13 Nov Altice Europe Q3 2019
13 Nov TIP Summit
13 Nov Cable Congress
13 Nov 5G Expo North America
14 Nov Westell fiscal Q2
14 Nov Ice Group Q3 2019
14 Nov Cisco fiscal Q1
14 Nov Bouygues Telecom Q3 2019
14 Nov Nvidia Q3
14 Nov Weibo Q3 2019
14 Nov Bharti Airtel fiscal Q2
14 Nov Vodafone Idea fiscal Q2
14 Nov Telechoice Q3 2019
14 Nov TDC Q3 2019
18 Nov Bezeq Q3 2019
18 Nov Fortinet investors day
18 Nov CRU World Optical Fiber & Cable Conference
19 Nov Gilat Satellite Networks Q3 2019
19 Nov MTS Q3 2019
19 Nov Qualcomm analyst day
19 Nov Connected Germany
19 Nov Connections Europe
20 Nov Inmarsat Q3 2019
20 Nov Avaya fiscal Q4
20 Nov Poly investors day
20 Nov Netgear analysts meeting
::: More Calendar Items