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Vodafone agrees $10 billion deal for Spain's Ono

By Kate Holton LONDON (Reuters) - Vodafone has agreed to buy Spain's largest cable operator Ono for 7.2 billion euros ($10 billion), the latest hefty deal in a European telecoms sector starting to rebuild as the region recovers from a recession. The British group said on Monday it would use some of the $130 billion proceeds from the sale of its U.S. arm to acquire Ono, with a superfast cable network and 1.9 million customers, to create a stronger challenger to market leader Telefonica.

Vodafone buys Spanish cable firm Ono for 7.2 bn euros

British mobile phone giant Vodafone has agreed to buy Spanish cable company Ono for 7.2 billion euros ($10 billion), it said on Monday. "The combination of Vodafone and Ono creates a leading integrated communications provider in Spain and represents an attractive value creation opportunity for Vodafone," said chief executive Vittorio Colao in a statement announcing the deal. rfj/yad

Vodafone buys Spanish cable firm Ono for 7.2 bn euros

British mobile phone giant Vodafone has agreed to buy Spanish cable television and Internet provider Ono for 7.2 billion euros ($10 billion), it said on Monday. Vodafone, flush with cash from the sale of its US joint-venture stake to partner Verizon for $130 billion, said the Ono deal was a "significant opportunity" to create Spain's top integrated services provider.

Investors back Vodafone's pricey cable push despite AT&T risk

By Kate Holton and Leila Abboud BARCELONA (Reuters) - Shareholders in Vodafone <VOD.L> say they support Chief Executive Vittorio Colao's plan to rebuild the company with pricey European broadband assets, even though it could complicate a lucrative mooted bid from AT&T <T.N>. Fresh from the sale of the company's U.S. arm for $130 billion, Colao has said he could spend up to $40 billion on acquisitions to shore up its recession-hit European operations,

Vodafone announces revenue fall

British mobile phone giant Vodafone announced on Thursday a drop in quarterly revenue as strains across its European operations offset solid progress in emerging markets. Group revenue slipped 1.5 percent to £9.587 billion ($15.621 billion, 11.553 billion euros) in the group's third quarter, or three months to the end of 2013, compared with the equivalent period a year earlier, Vodafone said in a statement. "Our emerging market businesses are growing strongly, supported by consistent execution and accelerating demand for data," said chief executive Vittorio Colao.

Vodafone announces revenue fall

British mobile phone giant Vodafone announced on Thursday a drop in quarterly revenue as strains across its European operations offset solid progress in emerging markets. Group revenue slipped 1.5 percent to £9.587 billion ($15.621 billion, 11.553 billion euros) in the group's third quarter, or three months to the end of 2013, compared with the equivalent period a year earlier, Vodafone said in a statement. "Our emerging market businesses are growing strongly, supported by consistent execution and accelerating demand for data," said chief executive Vittorio Colao.

Vodafone, Verizon investors back $130 billion Verizon Wireless deal

By Paul Sandle and Sinead Carew LONDON/NEW YORK (Reuters) - Shareholders of both Vodafone <VOD.L> and Verizon Communications Inc <VZ.N> approved Verizon's $130 billion takeover of their Verizon Wireless venture on Tuesday, paving the way for the third biggest deal in corporate history.

Vodafone faces pressure to raise $10 billion Kabel bid: sources

By Harro Ten Wolde and Arno Schuetze FRANKFURT/LONDON (Reuters) - Vodafone is facing pressure from Kabel Deutschland's largest shareholder to raise its 7.7 billion euro ($10.1 billion) offer for Germany's largest cable company, two sources familiar with the situation said. Activist investor Paul E. Singer, founder of U.S. hedge fund Elliott Asset Management, more than doubled his stake to 10.9 percent on September 6, Kabel Deutschland said on Monday two days before shareholders have to decide whether to accept Vodafone's offer.

Bumper Vodafone sale to help UK stocks

By Chris Vellacott and Sinead Cruise LONDON (Reuters) - Shares in other telecoms companies, stocks with high dividends and firms eyeing share sales may all get a boost when UK-focused fund managers redeploy cash from Vodafone's sale of Verizon Wireless. Barclays <BARC.L>, Lloyds Banking Group <LLOY.L>, BT Group <BT.L> could be among the London-listed beneficiaries when Vodafone <VOD.L> shareholders get $84 billion from the sale of its stake in Verizon Wireless to Verizon Communications.

Vodafone's Project Spring to pressure competitors

By Leila Abboud and Paul Sandle PARIS/LONDON (Reuters) - Vodafone's plan to boost investment in broadband and superfast mobile networks after its $130 billion megadeal with Verizon could put pressure on its European competitors to increase their own spending. Under its "Project Spring", Vodafone plans to raise its capital expenditures by 6 billion pounds ($9.34 billion) over three financial years to improve its networks across Europe and in emerging markets including India, South Africa and Turkey.
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