0
General

Vodafone Spain ordered to pay former Ono director over EUR 18 mln

Tuesday 3 December 2019 | 14:38 CET | News
The High Court of Justice of Madrid has ordered Vodafone Spain to pay Carlos Sagasta, the former chief financial officer at Ono, at least EUR 18 million in compensation for unpaid bonuses following its 2014 acquisition of the broadband provider. In the judgment seen by business daily Cinco Dias, the court ruled that Sagasta is entitled to EUR 12.55 million in damages for two unpaid bonuses plus a 10 percent annual surcharge. Vodafone has already lodged a cassation appeal against the decision before Spain's Supreme Court, added the report.

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: General
Companies: Ono / Vodafone Spain
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

Vodafone told to pay former Ono chairman EUR 30 mln

Published 26 Jun 2017 08:56 CET | Spain
A contentious-administrative court in Madrid has ordered Vodafone Spain to pay EUR 30 million to Jose Maria Castellano, the ...

Vodafone settles with Spanish tax office over Ono VAT fraud

Published 28 Apr 2015 11:52 CET | Spain
Vodafone has reached a settlement with the Spanish tax authorities over the tax fraud at Ono, the Spanish broadband provider it ...

Vodafone to audit alleged tax fraud at Ono

Published 27 Oct 2014 10:30 CET | Spain
Vodafone has launched an investigation into possible tax fraud at Ono, the Spanish broadband provider it acquired earlier this ...

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 ...





Calendar   /   Industry Events

30 Oct MediaTek Q3
30 Oct Millicom Q3 2020
30 Oct Shaw Communications fiscal Q4
30 Oct Charter Communications Q3 2020
30 Oct Rovio Q3 2020
30 Oct Tecnotree Q3 2020
30 Oct Proximus Q3 2020
30 Oct KDDI fiscal Q2
02 Nov Arista Q3 2020
02 Nov Skyworks fiscal Q4
02 Nov Idemia Q3 2020
02 Nov Cirrus Logic fiscal Q2
02 Nov Ceragon Networks Q3 2020
02 Nov SBA Communications Q3
02 Nov Adtran Q3 2020
02 Nov Neophotonics Q3 2020
02 Nov Lumentum fiscal Q1
02 Nov Web Summit
03 Nov TIM Q3 2020
03 Nov Oteclo Q3 2020
04 Nov Fitbit Q3
04 Nov Cellnex Q3
04 Nov Syn Q3 2020
04 Nov Magyar Telekom Q3 2020
04 Nov Liberty Latin America Q3 2020
04 Nov Smith Micro Q3 2020
04 Nov Qorvo fiscal Q2
04 Nov Telecom Italia Q3 2020
04 Nov Liberty Global Q3 2020
04 Nov Softbank fiscal Q2
::: More Calendar Items