ONO to start IPO process in rejection of Vodafone, Liberty

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

Grupo Corporativo ONO has confirmed that its board has approved a proposal for the Spanish cable operator to start the process for a €7B ($9.6B) IPO but that directors didn't discuss any buyout proposals.

ONO has reportedly rejected offers from Vodafone (VOD) and Liberty Global (LBTYA).