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General

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

Tuesday 17 June 2014 | 11:10 CET | News
Spain's telecoms regulator CNMC will not be ruling on Vodafone's proposed takeover of Spanish cable provider Ono for EUR 7.2 billion, leaving the decision on whether to approve the deal to the EU's competition authority, reports Europa Press. The transaction, which would be Vodafone's third acquisition of a European fixed and broadband asset in two years, would give the operator immediate access to Ono's extensive fibre network covering 7.2 million homes. However, the CNMC said that the jurisdiction for clearing the deal lies with EU anti-trust regulators, who have already set a deadline of

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Categories: General
Companies: Ono / Vodafone
Countries: Spain
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