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General

Vodafone Spain loses case against former Ono directors

Friday 16 March 2018 | 10:57 CET | News
Vodafone Spain has lost a corporate social responsibility action brought against the top management team at Ono, the broadband provider it acquired in 2014 for EUR 7.2 billion, reports business daily Expansion. The company had sued Ono's former chairman Jose Maria Castellano, CEO Rosalia Portela and CFO Carlos Sagasta for EUR 140 million in damages deriving from the management of the operator prior to its sale on 23 July 2014. However, a Madrid mercantile court has now dismissed the complaint in full, ruling that the management of the three directors had been diligent throughout their time at

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Categories: General
Companies: Ono / Vodafone Spain
Countries: Spain
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