MADRID, April 6 (Reuters) - Spanish cable group Ono, whichagreed to a takeover offer from Vodafone last month,will renegotiate the terms of its large debt pile, the head ofthe British telecom group's business in Spain said in anewspaper interview.
Ono, purchased by Vodafone for 7.2 billion euros ($9.9billion) including debt, has around 3.4 billion euros of bankloans and bonds.
"We will renegotiate the debt to obtain conditions that aremore compatible with our financial situation," Antonio Coimbra,chief executive of Vodafone Spain, told El Pais newspaper onSunday.
He did not detail what structure or terms Ono and Vodafonewould seek.
Coimbra said Vodafone hoped to get European Commissionapproval for its Ono acquisition in three to four months.
He added that the company would seek to end, as soon aspossible, a contract Ono has with Spain's Telefonica until the end of 2015, which allows it to use Telefonica'smobile phone network.
Vodafone's acquisition of Ono has shaken up Spain's highlycompetitive telecoms market, and could prompt more consolidationas players such as France's Orange seek out deals toavoid falling behind.($1 = 0.7303 euros) (Reporting by Sarah White; Editing by Anthony Barker)