Tomahawk, WI 02/18/2014 (BasicsMedia) – Vodafone Group PLC (ADR) (NASDAQ:VOD) in a bid to expand its wings across Europe is looking into the option of acquiring Madrid broadband and entertainment provider ONO in a deal estimated to be around €7-€8 billon. It is being reported Vodafone is approaching ONO SA’s major shareholders in a bid of striking a deal.

This will not be the first acquisition if the deal goes through as the company has been expanding its partnership to emerging markets such as Africa and Eastern Europe. Vodafone is currently pursuing acquisitions and investments that have high returns as it strives shrug off competition against European telecoms such as Telef.

 Some of the recent questions that the company has completed include it majority stake of 76.8% in Kabel Deutschland which it acquired for €7.7 billion in late September, 2013. The same month also saw Vodafone coming into an agreement with Verizon for the sale of its 45% stake in the company for $130 billion.

The company is currently thought to be in negotiation with Indian Broadband and telecommunication company TATA. With the complete acquisition of TATA, Vodafone intends to go solo in the market as it strives to meet the massive demand of customers in the market who are seeking data services and flexible price plans.

Vodafone Group PLC (ADR) (NASDAQ:VOD) intends to invest approximately $3 billion in the next two years, money meant for infrastructural development in the country. The only drawback at the moment is the fact that its strategy might face integration risks and political instability in India Despite all this India market has been perceived favorable as it currently has poor wire line infrastructure which certainly offers a larger opportunity for data services.

 Vodafone leaving the US markets

Vodafone Group PLC (ADR) (NASDAQ:VOD) has opted to leave the US markets as wireless data wars continue to heat up accompanied with price cuts of which it would not wish to be entangled in. A clear indication of this, is its disposal of its 45% stake in Verizon wireless. Vodafone is currently planning to focus more on European Africa and India markets which seem to offer little competition

Vodafone Group PLC (ADR) (NASDAQ:VOD) is currently spending $3 billion for building a friendly 900MHZ band in India as it continues to enforce its position in the Indian market. The spectrum when complete will be used for offering 3G and 4G services and will cover major cities such as Mumbai Delhi and Kolkata. It is also being reported that its talks with the Indian government to try and sort out a $2 billion tax dispute might have broken down.

There was no activity on Vodafone Group PLC (ADR) (NASDAQ:VOD) shares on Monday trading session as they remained unchanged at $36.81

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