January 27, 2014 / 2:35 AM / in 4 years

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

(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

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