Vodafone makes approach for Ono acquisition - reports

Vodafone makes approach for Ono acquisition - reports

Vodafone has lodged an official bid for Ono, Spain's largest cable operator, according to reports.

It is believed the UK operator has offered EUR7bn (£5.7bn) to the company's private equity owners according sources close to Reuters. It is thought that this is the second bid made by Vodafone for the firm, which sells fixed, mobile, TV and internet services, after an original offer was rejected.

Last week Mobile reported that Vodafone was competing with Liberty Global to acquire Ono. Vodafone is well-placed to make a takeover big after selling its 45% stake back to Verizon Wireless last year for $130bn (£84bn), while Liberty Global is looking to increase its European presence after acquiring Virgin Media.

Vodafone declined to comment.

In a seperate development, Vodafone and MoneyGram have signed a deal which they say will enable consumers to transfer funds directly from around 200 countries to the millions of users of the M-Pesa mobile payment service.

A statement sent to Mobile said the service will be launched in key markets during the second quarter of 2014, with additional roll-out planned throughout the remainder of the year.

The agreement will allow consumers who visit MoneyGram’s 334,000 agents across the globe to send funds directly to M-Pesa accounts. MoneyGram customers can also transfer money to an M-Pesa user through moneygram.com or via a mobile app, available on iPhone, Android and Windows 8 phones.

Alex Hoffmann, senior vice president of global product management and emerging channels at MoneyGram said: 'We’re excited about the opportunity to leverage our powerful platform to expand our reach to these digital channels. This agreement furthers our goal of joining with fast and reliable mobile wallets so consumers may send money for life’s essentials anywhere and any way they want, simply and conveniently.'

Michael Joseph, Vodafone Director of M-Pesa said: 'There is huge demand for sending funds back to family and friends in your home market and an estimated $90bn per year is transferred to M-Pesa markets from around the globe. Our partnership with MoneyGram provides the most extensive global network and greatest number of access points for consumers wishing to transfer funds to M-Pesa users.'


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