Reuters logo
4 years ago
Vodafone in talks to buy Spain's cable operator ONO: Bloomberg
January 27, 2014 / 2:35 AM / 4 years ago

Vodafone in talks to buy Spain's cable operator ONO: Bloomberg

A man checks his mobile phone as he walks past a shop displaying the Vodafone logo on its shutter in Mumbai January 15, 2014.Danish Siddiqui

(Reuters) - Vodafone Group Plc (VOD.L) is in talks to acquire Spain's main cable operator Grupo Corporativo ONO SA IPO-ONO.MC, which could derail ONO's plans for an initial public offering, Bloomberg news reported, citing sources.

A deal could be announced in the next few weeks, Bloomberg quoted one of the sources as saying.

Vodafone and ONO could not be reached for a comment outside of regular working hours.

Sources told Reuters in December that Ono, once listed, would likely be a takeover target for bigger competitors Vodafone (VOD.L) and Orange (ORAN.PA), which are trying to capture a larger share of the Spanish market to make headway against former monopoly Telefonica (TEF.MC).

Reporting by Aashika Jain in Bangalore; Editing by Edwina Gibbs

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below