Vodafone Buys Spanish Cable Operator Ono for $10.3 Billion

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British telecom giant Vodafone is buying the Spanish cable operator Ono for a price of $10.03 billion and the deal is likely to be announced today, Reuters has reported.

Ono is backed by private equity and represents the third major acquisition by Vodafone in Europe in an effort to add more companies under its network and improve its European business. Vodafone had sold its US arm for $130 billion.

Reuters could not get any comment from Vodafone on the news.

 

via Reuters

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