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Vodafone to buy Spain’s Ono?

Companies

London - Britain's Vodafone has agreed to buy Spanish cable operator Ono for 7.2 billion euros in a deal that is set to be announced on Monday, a person familiar with the matter told Reuters.

The purchase of private equity-backed Ono will be Vodafone's third European fixed-broadband acquisition in two years as the company seeks to improve its networks and shore up its European businesses after the $130-billion sale of its US arm.

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A woman walks past the logo of Vodafone company in Luxembourg in this picture taken on November 20, 2012. REUTERS/Francois Lenoir (LUXEMBOURG - Tags: BUSINESS POLITICS) Picture taken on November 20, 2012.

Vodafone declined to comment. - Reuters

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