(BFW) Vodafone Could Outbid Liberty for Ono, Santander Says

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Vodafone Could Outbid Liberty for Ono, Santander Says 2014-01-30 10:55:08.442 GMT

By Gaurav Panchal Jan. 30 (Bloomberg) -- Too early to assume Vodafone dropping interest in Ono, Jazztel’s share moves yday suggests Vodafone may not be willing to pay more than EU7b EV for Ono, Santander says. * Vodafone can generate much larger amount of synergies from a Ono deal via opex/capex, taxes * Preliminary valuation of synergies (after integration costs) is between EU1b and EU1.5b: Santander * Jan. 29: Vodafone likely to win battle to acquire Ono, Espirito says {NSN N05O5V6K50YH <go>} * Jan. 28: Liberty Global in talks with Ono owners, FT says {NSN N049IA6JIJUY <go>}

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To contact the editor responsible for this story: Gaurav Panchal at +44-20-7392-0511 or gpanchal2@bloomberg.net