Vodafone Said to Seek Purchase of Ono Before Planned IPO

Vodafone Group Plc is seeking to acquire Grupo Corporativo ONO SA, the Spanish cable operator that is preparing for an initial public offering, two people familiar with the negotiations said.

A deal may be announced in the next few weeks, said one of the people, who asked not to be named because the negotiations are private. There’s no guarantee Vodafone and ONO will reach an agreement and the Spanish company’s owners could decide to pursue an IPO instead, they said.