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General

Vodafone told to pay former Ono chairman EUR 30 mln

Monday 26 June 2017 | 08:56 CET | News
A contentious-administrative court in Madrid has ordered Vodafone Spain to pay EUR 30 million to Jose Maria Castellano, the former chairman of Ono, the broadband provider it acquired in 2014 for EUR 7.2 billion, reports business daily Expansion. The amount corresponds to the EUR 25 million unpaid bonus Castellano was due for the sale, plus interests and legal fees. However, according to unnamed sources cited in the report, the operator will lodge an appeal against the ruling and will continue with a separate corporate social responsibility action against Castellano as well as former CEO

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