Vodafone to focus on integration after Ono acquisition

Antonio Coimbra.

Vodafone does not intend to make further major acquisitions in Spain following its purchase of cable operator Ono, according to the company’s Spanish chief Antonio Coimbra. 

Coimbra told journalists at a telecommunications and digital economy conference organised by Ametic, that the telecom giant did not plan to make any further acquisitions in the country and would focus on investing in its own and Ono’s networks.

Coimbra said that Vodafone would analyse the synergies that can be achieved and potential staff redundancies between now and December. Coimbra said that the integration of the two companies would lead to job creation in the longer term. Vodafone has indicated that it aims to achieve €2 billion in synergies, although only a small proportion of this will be through reduction in headcount.

Part of the savings will be achieved through the migration of Vodafone fixed line customers, who are currently served via a wholesale agreement with Telefónica, to Ono’s fibre network.