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ONO team is close to securing Auna assets

Ono and its private equity partners are thought to be closer to securing a deal to buy the fixed-line and cable assets of fellow Spanish telecom business Auna.

The proposed deal would be worth about €2.5bn ($3bn), including debt.

The proposed acquisition is central to the related but much larger sale of Auna's mobile phone business, Amena.

FT Article

David Boyd21 July 2005Peter Smith in London and Mark Mulligan in Madrid, Financial Times
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