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Vodafone in €7bn deal

VODAFONE, the world's second-largest wireless carrier, has agreed to buy Spanish cable operator Grupo Corporativo Ono for €7.2bn, to boost its TV and broadband offerings.

The purchase gives Vodafone 1.9m customers in Spain, complementing its mobile service and helping it challenge Telefonica and Orange. The deal will add about €1bn in sales to the group, Newbury, England-based Vodafone said.