EU approves Vodafone's acquisition of Spain's Ono

BRUSSELS, July 2 Wed Jul 2, 2014 12:22pm EDT

BRUSSELS, July 2 (Reuters) - The European Commission said on Wednesday it had approved Vodafone's 7.2-billion-euro ($9.79 billion) acquisition of Spain's largest cable operator Ono without conditions.

"The Commission concluded that the transaction would not raise competition concerns, as the parties' activities are largely complementary: Ono's main activity is related to fixed telecoms, whereas Vodafone is mainly active in mobile telecoms," the Commission, the European Union's antitrust watchdog, said in a statement.

(Reporting by Adrian Croft; editing by Justyna Pawlak)

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