Vodafone Group plc EU has approved the €7.2B ($9.8B) acquisition of Ono in spain - financial press
- Reminder: on 3/17: Vodafone confirmed to buy Spain's Grupo Corporativo Ono in transaction consisting of €7.2B on debt and cash free basis Transaction is expected to be accretive to adjusted EPS and FCF per share from the first full year post completion after cost and capex synergies and before integration costs.
- Vodafone expects to achieve cost and capex synergies with a run-rate of approximately €240 million (£200 million) before integration costs by the fourth full year post completion, equivalent to a net present value of approximately €2.0 billion (£1.7 billion) after integration costs.
- Ono has the largest next-generation network in Spain