Vodafone in $10 billion deal to buy Spain’s Onohttps://indianexpress.com/article/business/companies/vodafone-in-10-billion-deal-to-buy-spains-ono/

Vodafone in $10 billion deal to buy Spain’s Ono

Vodafone said the deal would enable it to offer a combination of mobile and fixed-line telephony, pay-TV and broadband in one of its largest European markets.

Vodafone Group Plc has agreed to buy Spain’s largest cable operator Ono for 7.2 billion euros ($10 billion), in the latest move by the British group to rebuild its European operations with a broadband offering.

Vodafone said on Monday the deal would enable it to offer a combination of mobile and fixed-line telephony, pay-TV and broadband in one of its largest European markets.

The deal for private equity-owned Ono is Vodafone’s third purchase of a European fixed-broadband asset in two years, allowing it to offer an increasing range of services and offload some of its mobile traffic on to Ono’s cable network.