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Vodafone Spain to keep Ono separate for tax reasons

Monday 13 June 2016 | 15:33 CET | News
Vodafone has announced its intention to keep Spanish broadband operator Ono as a separate company for tax reasons, according to a spokesman for the group cited by Reuters. The decision follows a recent judgment by Spain's Supreme Court, which ruled that a tax imposed by Madrid's city council on telecoms operators for their use of land was legal. As a result, Vodafone will stop short of fully merging its Spanish unit with Ono, although it will keep control of the company. "Following a recent ruling, the tax burden the integrated company would have to contend with would be a lot higher than if

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