Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

3/18/2014 (1 year ago)

Catholic Online (

Agreement meant to expand Vodafone's presence in Europe

In a deal aimed at expanding its interests in Europe, Vodafone has agreed to buy Spanish cable operator Ono for $10 billion in U.S. dollars. Private equity-owned, Ono offers cable TV and internet services and has 1.9 million customers in Spain. Vodafone boss Vittorio Colao said the deal was "an attractive value creation opportunity."

Europe's communications market is consolidating as Vodafone and rivals such as billionaire John Malone's Liberty Global vie for assets.

Europe's communications market is consolidating as Vodafone and rivals such as billionaire John Malone's Liberty Global vie for assets.


By Catholic Online (NEWS CONSORTIUM)

Catholic Online (

3/18/2014 (1 year ago)

Published in Europe

Keywords: Vodafone, Ono, Spain, European saturation

LOS ANGELES, CA (Catholic Online) - The deal arrives six months after Vodafone bought a controlling stake in German cable operator Kabel. Vodafone now says it plans to spend up to Ł25 billion of the Ł84 billion it generated from the sale of its stake in Verizon Wireless on investment in its core European networks.

Ono's private equity owners, before the Vodafone deal, had been planning to float the company on the Madrid stock exchange.

Prayer, fasting and almsgiving.

The enlarged business would help to "drive innovation in the Spanish telecommunications industry," Jose Maria Castellano Rios, chairman of Ono's board of directors, said.

The deal puts Vodafone in a better position to compete with rivals such as Telefonica and Orange. "It follows the strategy they are already pursuing in Germany and in Europe in general, which is to expand their overall offer to their clients by adding cable service to their wireless services," Peregrine & Black analyst Markus Huber says.

Mike McCudden, head of derivatives at online broker Interactive Investor, agreed the purchase was a "shrewd strategic move" for Vodafone, noting that the deal would provide it with the fixed-line operation it currently lacked in Spain.

Buying Germany's Kabel Deutschland last year, Vodafone is adding both internet and television services across Europe as it looks for ways to compensate for falling cellular revenue.

The deal might spur more takeovers as rivals tried to match Vodafone's size. "It's the start of a whole new set of merger and acquisition stories, pan-European," Robin Bienenstock of Sanford C. Bernstein said. "You start to see cross-border stuff."

Vodafone shares rose as much as 1.82 percent by 1.30pm in London. The stock has lost one percent in the past year.

Private equity firms Providence Equity Partners, CCMP Capital Advisors, Quadrangle Capital Partners and Thomas H Lee Partners are all Ono shareholders. The four together hold about 54.4 percent of the Spanish operator.

Europe's communications market is consolidating as Vodafone and rivals such as billionaire John Malone's Liberty Global vie for assets.

AT&T remains interested in buying Vodafone even after giving up the option to bid for the carrier for six months, sources said in January.

AT&T has expressed interest in Europe's move into fourth-generation wireless networks, which are a few years behind services in the U.S. and present the opportunity for carriers to charge a premium.


Pope Francis: end world hunger through 'Prayer and Action'

Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2015
That human trafficking, the modern form of slavery, may be eradicated.
Evangelization: That with a missionary spirit the Christian communities of Asia may announce the Gospel to those who are still awaiting it.


More Europe

Dormitory for Rome's homeless men, 'Gift of Mercy,' established by Pope Francis Watch

Image of Residents in the new

By Catholic News Agency

Pope Francis and his brother Jesuits in Rome have converted an old travel agency building into a new homeless shelter for men, just in time for the cold winter months. Vatican City (CNA) - The new dormitory is called "Gift of Mercy," because mercy is "love's ... continue reading

'Exorcism' and witchcraft child abuse on the rise in Britain Watch

Image of


The number of child abuse cases involving "exorcisms" and witchcraft are on the rise, according to a recent report from the Metropolitan Police in the UK. LOS ANGELES, CA (Catholic Online) - BBC reported about half of police forces do not record cases of ... continue reading

Malaysian Airlines MH17 determined hit by Russian 'warhead' killing all 298 passengers Watch

Image of Debris from MH17's unforgettable crash last year.


Malaysian Airlines flight MH17 disappeared from radar on July 17, 2014 after travelling over the conflict-hit region in Ukraine, en route from Amsterdam to Kuala Lumpur. The Malaysian passenger jet crashed close to the border with Russia, killing all 298 passengers. ... continue reading

Pope Francis warns against conspiracy theories at the synod Watch

Image of Pope Francis warns bishops about the conspiracy theories revolving around the upcoming synod.


At a global Church meeting, Pope Francis warned bishops against conspiracy theories that have been circulating to an attempt to manipulate the synod. LOS ANGELES, CA (Catholic Online) -Vatican spokesman Federico Lombardi confirmed the authenticity of reports claiming ... continue reading

Goodwill not welcomed everywhere as German TV show depicts 'Muslim Merkel' image Watch

Image of The producers of the show defended the image.


German Chancellor Angela Merkel's welcoming of Middle Eastern refugees is not being wholly embraced in her homeland. Complaints have risen about the sudden influx of Muslim immigrants in this largely catholic nation. ARD television broadcasted a mocked-up ... continue reading

CHURCH SHOCKER: Gay and pedophile priests sent to monastery for 'sex cures' Watch

Image of In the wake of recent sex scandals, it has been discovered that the Vatican sends priests

By Catholic Online (NEWS CONSORTIUM)

In the wake of recent sex scandals, it has been discovered that the Vatican sends priests "with inappropriate sexual tendencies" to a special monastery in the Alps for a purported cure. It has been learned that homosexual, pedophile and drug addicted clergy ... continue reading

Anti-Semitic violence runs rampant through Europe Watch

Image of


A top European Union official has warned of increasing anti-Semitism in Europe, as there are mounting threats and attacks against Jews in Europe's member countries.  BRUSSELS, EUROPE (Catholic Online) - The Vice President of the European Commission, Frans ... continue reading

Is ancient Greek tomb for Alexander the Great's friend Hephaestion? Debate continues Watch

Image of After his death in 325 B.C., Alexander the Great reportedly ordered that shrines be constructed throughout the empire. Hephaestion died less than a year before the Macedonian leader.

By Catholic Online (NEWS CONSORTIUM)

Archaeologist Katerina Peristeri declared that the mysterious Amphipolis monument is a tomb to Hephaestion, Alexander the Great's best friend who died less than a year before Alexander did.Fragmentary inscriptions link the monument to Hephaestion. Other archaeologists ... continue reading

10,000 copies of Germany's constitution was printed in Arabic to help nearly 800,000 migrants integrate Watch

Image of


Germany translated the first 20 articles of its constitution, which concerns basic rights such as freedom of speech, into Arabic for refugees to learn in an attempt to help immigrants integrate. LOS ANGELES, CA (Catholic Online) - At the moment, Germany struggles to ... continue reading

Segregation of Jewish and Muslim pupils in a French school echoes chilling Nazi segregation Watch

Image of


Jewish and Muslim students at the Piedallous primary school in Auxere, Burgundy were ordered to wear disks around their necks. The incident brought with it memories of Nazi segregation and caused an uproar. LOS ANGELES, CALIFORNIA (Catholic Online) - Daily Mail ... continue reading

All Europe News


Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

Daily Readings

Reading 1, Romans 1:16-25
16 For I see no reason to be ashamed of the gospel; ... Read More

Psalm, Psalms 19:2-3, 4-5
2 day discourses of it to day, night to night hands ... Read More

Gospel, Luke 11:37-41
37 He had just finished speaking when a Pharisee ... Read More

Saint of the Day

Saint of the Day for October 13th, 2015 Image

St. Edward the Confessor
October 13: Edward the Confessor was the son of King Ethelred III and his ... Read More