Vodafone Reportedly In Talks To Buy Spain's Ono For $10B
Vodafone may buy Ono, a major Spanish cable company, for around $10 billion. According to sources quoted by Reuters and Bloomberg, Ono has postponed a planned IPO announcement to allow further negotiations over Vodafone’s bid. Two previous offers have been turned down for being too low.
The British mobile carrier group is on an acquisition spree after Verizon bought out its stake in Verizon Wireless for $130 billion—it bought Kabel Deutschland in Germany last October for $10.4 billion, and it plans to use that buy as a “hub” for further non-mobile expansion.