03282017Headline:

Vodafone holds Spanish hi tech broadband treasure Ono

Vodaphone extends broadband reach into Spain

Britain’s Vodafone is continuing its push into Europe’s fixed-broadband market, making its third purchase in 2 yrs by taking up Spain’s Ono. Eight point-two billion pounds may be the admission cost for that private equity firm, which have been getting ready to move available on the market before Vodafone walked in.

Vodaphone extends broadband reach into Spain

Vodaphone extends broadband reach into Spain

“This is just a large tactical choice. We’re purchasing a large business. Best cable systems are among europe’sed by It’s, and has excellent prospects as time goes by. It places us in an excellent position within our industry, obviously the amount two in Spain,” said the chairman of Vodafone Spain Francisco Román.

The offer provides nearly 1 / 2 of all Spanish homes, and nearly two million customers, into Vodafone’s understanding, which says the purchase allows it to create savings of 240 million dollars within four years, before integration costs are considered.

Ono, from creating its fibre optic network aside from a technical advantage, includes a sound financial ground currently, unlike various other 4G rivals.

Vodaphone extends broadband reach into Spain
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Britain’s Vodaphone is continuing its push into Europe’s fixed-broadband market, making its third purchase in 2 yrs by taking up Spain’s Ono. Eight point-two billion pounds may be the admission cost for that private equity firm, which have been getting ready to move available on the market before Vodaphone walked in.

The offer provides nearly 1 / 2 of all Spanish homes, and nearly two million customers, into Vodaphone’s understanding, which says the purchase allows it to create savings of 240 million dollars within four years, before integration costs are considered.

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