TMCNet:  Vodafone in Spanish deal [Evening Times (Glasgow, Scotland)]

[March 17, 2014]

Vodafone in Spanish deal [Evening Times (Glasgow, Scotland)]

(Evening Times (Glasgow, Scotland) Via Acquire Media NewsEdge) MOBILE phone giant Vodafone has stepped up its expansion in Europe by unveiling a pound(s)6 billion deal to buy Spanish cable operator Ono.

The acquisition of Ono, which offers high-speed broadband and pay- TV to 1.9 million customers in 13 regions of Spain, builds on Vodafone's purchase of Kabel Deutschland for around pound(s)6.5bn last summer.

Vodafone's latest swoop comes as it looks to spend some of the proceeds of its $130bn (pound(s)78bn) sale of its stake in US mobile phone operator Verizon Wireless.

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