
Vodafone will pay €7.2 euros to acquire the private equity-owned business which offers cable TV and internet services to its more than 1.9 million Spanish customers.
This latest move furthers Vodafone’s expressed plan to spend up to £25 billion of the £84 billion generated from the sale of its stake in Verizon Wireless on investment in core European networks. It also comes six months after the company purchased a controlling stake in German cable operator Kabel.