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General

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

Tuesday 18 March 2014 | 11:32 CET | News
Vodafone's recently-announced deal to buy Spanish cable provider Ono for EUR 7.2 billion is "bad news for the sector", according to Spain's Consumers and Users Organisation (OCU). The body urged Spain's telecoms regulator CNMC to review the operation as closely as possible because it could lead to "a concentration in the sector that eliminates competition", harming consumers above all. OCU expressed regret that the agreement had come at a time when "new fibre optic networks were finally being installed in Spain", believing that the deal will put a stop to Vodafone's plans to develop its FTTH

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Categories: General
Companies: Jazztel / Ono / Orange Spain / Vodafone / Yoigo
Countries: Spain
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