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EU approves Vodafone's acquisition of Spain's Ono

Wed, 02nd Jul 2014 16:22

BRUSSELS, July 2 (Reuters) - The European Commission said onWednesday it had approved Vodafone's 7.2-billion-euro($9.79 billion) acquisition of Spain's largest cable operatorOno without conditions.

"The Commission concluded that the transaction would notraise competition concerns, as the parties' activities arelargely complementary: Ono's main activity is related to fixedtelecoms, whereas Vodafone is mainly active in mobile telecoms,"the Commission, the European Union's antitrust watchdog, said ina statement.

(Reporting by Adrian Croft; editing by Justyna Pawlak)

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