Report: Vodafone makes formal bid for Spain's ONO

|About: Vodafone Group Plc (VOD)|By:, SA News Editor

Vodafone (VOD) has made a formal offer for Spanish cable operator Grupo Corporativo ONO, the Expansion newspaper reports.

However, Reuters sources provide conflicting information: one says that talks are continuing, while two others say that no offer would be made.

Vodafone is vying with Liberty Global (LBTYA) to acquire the firm, which has also been considering an IPO.

Any deal for ONO, which one analyst says could be worth an estimated €6.4B ($8.7B) including debt, would add to Vodafone's acquisition of other cable providers in Europe such as Kabel Deutschland in Germany.