Vodafone completes €7.2 billion acquisition of Ono
Vodafone Group Plc today confirms that it has completed the acquisition of 100% of the share capital of Grupo Corporativo Ono, S.A.. The total consideration is equivalent to €7.2 billion (£5.7 billion) on a debt and cash free basis.
The transaction accelerates Vodafone’s unified communications strategy in a key, highly converged European market, providing a significant time-to-market advantage and network reach that is complementary to Vodafone Spain’s ongoing fibre-to-the-home build programme with Orange.
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Vodafone is one of the world’s largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone has mobile operations in 26 countries, partners with mobile networks in 52 more, and fixed broadband operations in 17 markets. As of 31 March 2014, Vodafone had 434 million mobile customers and 9 million fixed broadband customers. For more information, please visit: www.vodafone.com