Vodafone steps closer to £6bn Ono acquisition

Vodafone is nearing the final stages of its expected £6bn acquisition of Spanish cable operator Ono, with some reports indicating it will complete the deal tomorrow (17 March).

According to the Sunday Times the deal will be the UK phone giant’s biggest deal since exiting America, when it sold of its US interests, and will end weeks of negotiations with Ono’s private equity owners.

The deal will be the company's first major acquisition since completing the $130bn (£78bn) sale of its stake in US mobile network Verizon Wireless earlier this year.