LIBERTY Global is thought to be considering a bid to buy Spain’s largest cable operator, Ono, from its private equity owners – while Vodafone is thought to be at a very early stage of weighing up a bid, City A.M. understands.
Investment funds Providence Equity Partners, Thomas H Lee Partners, CCMP Capital Advisors, and Quadrangle Capital own 54 per cent of Ono, according to its website.
The funds are in ongoing talks with Vodafone and Liberty over a takeover, according to reports yesterday. Spain is one of few European countries where Liberty is not already present.
On Monday, Liberty Global made its latest push into Europe with a long-awaited takeover bid for Dutch cable operator Ziggo, in a deal that values the firm at €10bn (£8.25bn).
Liberty Global and Vodafone declined to comment.