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Spain's Ono boss under pressure, to quit - source

Wed Nov 5, 2008 7:07am EST

MADRID, Nov 5 (Reuters) - Foreign shareholders at Spanish telecoms operator Ono are to demand the replacement of the firm's chairman who is likely to resign at a shareholders' meeting on Thursday, a source said on Wednesday.

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A majority of foreign investors controlling more than 68 percent of the firm are unhappy with the management of Eugenio Galdon, the source close to the matter said.

"It seems certain that the current chairman (Galdon) is going to going to step down," said the source, who asked not not to be named. (Reporting by Robert Hetz, writing by Sarah Morris)

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