Vodafone, ONO to launch joint product bundles from September; EC merger approval expected in July

11 Jun 2014

Vodafone Spain is set to launch its first joint product offers with Spanish cable provider ONO from September this year, according to business daily El Economista. The report, citing sources familiar with the matter, notes that Vodafone’s previously agreed takeover of ONO could receive European Commission (EC) approval as early as 2 July, prompting the company to prepare a suite of convergent offers aimed at the ten million homes that will become part of the enlarged operator’s footprint. The article adds that the fate of ONO’s 2,500 employees has yet to be decided, although the firm’s management team is expected to be retained.

As previously reported by TeleGeography’s CommsUpdate, in March this year UK-based Vodafone Group agreed to acquire the Spanish cableco for a total consideration equivalent to EUR7.2 billion (USD9.9 billion) on a debt and cash free basis. On the back of the acquisition Vodafone Group has said that it sees a significant opportunity to accelerate growth in unified communications products and services by leveraging its distribution and marketing capabilities and through cross-selling to each company’s customer base.

Spain, Grupo Corporativo ONO, Vodafone Group, Vodafone Spain