(Reuters) - Britain’s Vodafone (VOD.L) has agreed to buy Spanish cable operator Ono for 7.2 billion euros ($10.03 billion) in a deal that is set to be announced on Monday, a person familiar with the matter told Reuters.
The purchase of private equity-backed Ono will be Vodafone’s third European fixed-broadband acquisition in two years as the company seeks to improve its networks and shore up its European businesses after the $130 billion sale of its U.S. arm.
Vodafone declined to comment. ($1 = 0.7181 euros)
Reporting by Kate Holton in London and Richa Naidu in Bangalore