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ONO losses deeper than anticipated

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Vodafone has put its Spanish cable MSO subsidiary ONO’s accounts in order, revealing losses of €642 million a deeper financial hole than expected when the company bought the operator in 2014. ONO, which Vodafone bought last year for €7.2 billion, closed 2014 with consolidated losses of €642 million, after repurchasing debt, admitting the depreciation of […]

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