British-owned Vodafone is set to buy the cable operator Ono for 7.2 billion euros, the largest acquisition by a foreign company in Spain since 2008.
Vodafone looking to acquire ONO
The British company Vodafone has reportedly made a €7 billion offer for the Spanish cable company ONO.
Job losses
The telecommunications company ONO is set to shed 1,300 jobs, almost one-third of its workforce, as a result of the current economic situation and the bleak future outlook in the sector. ONO, which offers telephone, internet and television to six million customers through its own fibre optic network, had to reduce its workforce by 700 people in 2006 after it …