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Vodafone confirms 7.2bn Ono buy

2014-03-17 01:00:00| Total Telecom industry news

U.K. mobile operator continues fixed-line push with Spanish cable acquisition; analyst predicts Italy, Netherlands could be next on Voda's list.

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Vodafone Said to Reach $10 Billion Deal to Acquire Spain's Ono

2014-03-17 00:03:01| Telecom - Topix.net

Vodafone Group Plc agreed to buy Spanish cable operator Grupo Corporativo Ono SA for about 7.2 billion euros as the world's second-largest mobile carrier boosts investments in television and broadband, according to people familiar with the matter.

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Vodafone agrees deal to buy Ono for over EUR 7 bln - report

2014-03-14 09:36:00| Telecompaper Headlines

(Telecompaper) The shareholders of Spanish cable operator Ono have approved plans for an initial public offering as some Spanish press sources, including business daily Expansion and online newspaper El Confidencial, report that Vodafone has had a bid of around EUR 7.2 billion accepted by the Spanish company. The increased offer, which includes Ono's net debt of around EUR 3.3 billion, is Vodafone's third bid for the operator, which continued working on alternative plans for a flotation after rebuffing previous offers of EUR 6 billion and EUR 6.5 billion. The new bid is around 10 times Ono's EBITDA for 2012 of EUR 752 million and is said to have convinced Ono's key shareholders including Providence Equity Partners, Thomas H. Lee Partners, CCMP Capital Advisors LLC and Quadrangle Capital Partners, which hold about 54.4 percent of the operator. Neither party has made any official announcements regarding the takeover which, according to Expansion, could be finalised by 17 March after the full equity value of the deal, as well as compensation for antitrust issues and the cost of upgrading customers or networks, are agreed upon.

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Vodafone hits out at damning UK network quality study

2014-03-13 01:00:00| Total Telecom industry news

EE tops new U.K. mobile network study; analyst warns U.K. mobile operators will struggle to close the gap.

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Vodafone strikes connected car deals

2014-03-11 01:00:00| Total Telecom industry news

Operator to provide embedded SIM to Volkswagen, Audi vehicles from 2015 onwards.

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