Vodafone tables £5.8bn bid for Ono

Press Association
Vodafone US talks
Vodafone US talks

Mobile phone operator Vodafone has reportedly tabled a seven billion euro (£5.8 billion) bid for Spanish cable company Ono as it attempts to revive its European business.

The report suggests the UK-based group is preparing to spend some of the proceeds of its 130 billion US dollar (£78 billion) sale of its stake in US mobile phone operator Verizon Wireless.