LONDON (Reuters) – Vodafone Group Plc has agreed to buy Spain’s largest cable operator Ono for 7.2 billion euros (6.02 billion pounds deal), in the latest move by the British group to rebuild its European operations with a broadband offering.
Vodafone said on Monday the deal would enable it to offer a combination of mobile and fixed-line telephony, pay-TV and broadband in one of its largest European markets, hit hard by fierce competition and the effects of a lengthy recession.
LONDON, March 17 (Reuters) – Vodafone Group Plc has
agreed to buy Spain’s largest cable operator Ono for 7.2 billion
euros ($10 billion), in the latest move by the British group to
rebuild its European operations with a broadband offering.
Vodafone said on Monday the deal would enable it to offer a
combination of mobile and fixed-line telephony, pay-TV and
broadband in one of its largest European markets, hit hard by
fierce competition and the effects of a lengthy recession.
MADRID/LONDON (Reuters) – Shareholders of telecommunications company Ono are close to agreeing a deal with Britain’s Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) which has offered to buy the Spanish group for about 7.2 billion euros ($10 billion) including debt, two sources familiar with the matter said.
Shareholders in private equity-backed Ono, which sells fixed and mobile phone, TV and internet services, gave the green light to a planned initial public offering (IPO) of the company at a meeting on Thursday, but they were still holding out for a deal with Vodafone, one of the sources said.
LONDON, March 12 (Reuters) – Rebekah Brooks, the former head
of Rupert Murdoch’s British newspapers, was accused in court on
Wednesday of blaming all those around her when finally caught
orchestrating an illegal campaign to get stories at any cost.
Appearing in the witness stand for a 13th day, Brooks
engaged in a tense standoff with lead prosecutor, Andrew Edis,
who accused her of ordering staff to hack into phones, make
illegal payments and then cover up their behaviour as the police
LONDON (Reuters) – Britain’s Pearson (PSON.L: Quote, Profile, Research) warned its earnings would fall sharply again in 2014 as the publisher entered the second year of a restructuring sparked by the deterioration in its main U.S. education market.
Pearson, the 170-year-old world leader in education which is under new leadership after years of good growth, suffered a tough 2013 and downgraded its outlook twice.
BARCELONA (Reuters) – Fierce competition in the global advertising industry forced Britain’s WPP (WPP.L: Quote, Profile, Research, Stock Buzz) to lower its profit guidance for 2014 on Thursday, wiping more than a billion pounds off its share price and overshadowing its improving trading throughout 2013.
The world’s largest advertising group said it had outperformed the rest of the industry in winning new business but the combination of clients demanding more for less, and currency fluctuations had hit its operating margins on a reported basis.
BARCELONA, Feb 27 (Reuters) – Fierce competition within the
advertising industry forced Britain’s WPP to lower its
margin guidance for 2014, wiping over a billion pounds off its
share price and taking the shine off an acceleration in trading
The world’s largest advertising group said like-for-like
revenue had grown in line with forecasts, at 3.5 percent, and
was up to 5.7 percent in January, by the main industry
BARCELONA (Reuters) – Shareholders in Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) say they support Chief Executive Vittorio Colao’s plan to rebuild the company with pricey European broadband assets, even though it could complicate a lucrative mooted bid from AT&T (T.N: Quote, Profile, Research, Stock Buzz).
Fresh from the sale of the company’s U.S. arm for $130 billion, Colao has said he could spend up to $40 billion on acquisitions to shore up its recession-hit European operations,
BARCELONA (Reuters) – With the beginnings of an economic recovery taking hold, Spanish cable telecoms operator Ono believes the time is ripe for attracting international investors in a share market listing which would help it pay down its debts, it said on Monday.
“Capital is returning to Spain. After five difficult years, things are changing quite rapidly, which is very good news for us,” said Rosalia Portela, the chief executive of the private equity-backed group, in an interview.
BARCELONA, Spain (Reuters) – China’s Huawei Technologies believes it can take advantage of recent changes in how operators in the United States sell phones to get a foothold in the all-important market, an executive with its consumer division said on Sunday.
Huawei, best known as a maker of telecom network gear, became the world’s third-biggest smartphone manufacturer last year, through the sale of mid-priced handsets within its fast-growing domestic market and an increasing appeal to price-conscious consumers in western Europe.