British telecom giant Vodafone agreed to pay €7.2 billion ($10 billion) to acquire Spanish cable operator Ono, which counts 1.2 million subscribers and 7.2 million homes passed.
As was widely anticipated, Vodafone confirmed on Monday it has agreed to buy 100 per cent of Spanish broadband provider Ono for €7.2 billion ($10 billion) on a debt and cash free basis.
Vodafone has reportedly reached a verbal agreement with the owners of Ono to buy the Spanish broadband provider for €7.2 billion ($9.9 billion) including around €3.4 billion in debt, even though Ono shareholders approved plans on Thursday to carry out an initial public listing.
AT&T CFO John Stephens said it would "surprising" for federal regulators to approve a deal for Sprint to merge with T-Mobile US so soon after they quashed AT&T's bid to buy T-Mobile.
Vodafone has reportedly reached a preliminary agreement to buy Spanish broadband services provider Ono, although Ono's management board is also said to be moving ahead with plans to list the company until Vodafone makes a firm offer.
Vodafone announced a new agreement with Volkswagen and Audi in Europe to provide connected car services through embedded global SIM cards, starting with new Audi models from 2015.
Another day, another announcement by an operator that it is trialling LTE Advanced services. BASE Belgium is the latest company to reveal that it is testing what is in fact "true" 4G, if you stick precisely to 3G and LTE guidelines. However, the focus is still too much on the advancements in speed, even though for many consumers figures such as "250 Mbps" are virtually meaningless.
Vodafone said mobile literacy programmes for women could boost economic activity in emerging markets by $3.4 billion (€2.4 billion) per year from 2020, and cut domestic violence in developed countries.
BARCELONA, Spain--Ericsson and Nokia Solutions and Networks (NSN) are proving to be beneficiaries of Vodafone's Verizon Wireless windfall, as the Swedish and Finnish vendors have just won five-year deals under the operator's £7 billion (€8.5 billion) Project Spring network investment programme.
On the heels of Verizon Communications' close of its $130 billion purchase of Vodafone's 45 percent stake in Verizon Wireless, the company announced today that it is forming a new product development and management group that will be headed by Marni Walden, formerly the COO of Verizon Wireless.