Vodafone to buy Spain’s Ono for 7.2 billion euros: source

(Reuters) – Britain's Vodafone has agreed to buy Spanish cable operator Ono for 7.2 billion euros ($ 10.03 billion) in a deal that is set to be announced on Monday, a person familiar with the matter told Reuters. The purchase of private equity-backed Ono will be Vodafone's third European fixed-broadband acquisition in two years as the company seeks to improve its networks and shore up its European businesses after the $ 130 billion sale of its U.S. arm. Vodafone declined to comment.

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