Monday, March 17, 2014

Vodafone to Acquire ONO of Spain for US$10 Billion

Vodafone will acquire ONO, a privately-held cable operator serving approximately 1.9 million households and small businesses in Spain, for approximately EUR 7.2 billion.

In 2013, ONO started offering 500 Mbps for SoHos. In the high-speed segment – more than 30 Mbps - the operator added 31,000 new clients in 4Q2013, reaching 811,000, representing 56% of the total fiber client base. Ono ended 2013 with 1,531,000 clients in the broadband business.

  • In October 2013, Vodafone acquired Kabel Deutschland, bringing 5 million broadband and 7.6 million TV customers in Germany.

See also