AFP, London :
British mobile phone giant Vodafone has agreed to buy Spanish cable television and Internet provider Ono for 7.2 billion euros ($10 billion), it said on Monday.
Vodafone, flush with cash from the sale of its US joint-venture stake to partner Verizon for $130 billion, said the Ono deal was a “significant opportunity” to create Spain’s top integrated services provider.
“The combination of Vodafone and Ono creates a leading integrated communications provider in Spain and represents an attractive value creation opportunity for Vodafone,” said chief executive Vittorio Colao in a statement.
