Vodafone has announced that it will purchase Spanish fixed line operator in a deal which is worth 7.2 billion Euros or $10 billion US dollars.
The company recently sold its share of Verizon Wireless in the US, Vodafone raised around $130 billion US dollars from the sale of their Verizon stake.
“Demand for unified communications products and services has increased significantly over the last few years in Spain, and this transaction — together with our fibre-to-the-home build programme — will accelerate our ability to offer best-in-class propositions in the Spanish market.”
Vodafone certainly has plenty of spare cash after the sale of their Verizon Wireless stake, and we can probably expect more deals like this one in the future.
Source GigaOM
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