Spanish cable operator Ono has not yet hired banks to run its IPO, contrary to a recent media report, TelecomFinance has learned.
“No one has been appointed regardless what is being filtered in the press,” a source involved in the process said….
Spanish cable operator Ono has not yet hired banks to run its IPO, contrary to a recent media report, TelecomFinance has learned.
“No one has been appointed regardless what is being filtered in the press,” a source involved in the process said. “Appointments will take place in coming three weeks.”
Earlier Reuters claimed that Deutsche Bank and JP Morgan have been nominated to run the process, referring to an unnamed “source with knowledge of the information”.
Ono refused to comment when asked by the news agency.
The cableco, owned by private equity firms Providence, Quadrangle Capital, Thomas H. Lee Partners and CCMP Capital Advisors, decided in mid February to go ahead with plans for a listing, despite a recent rumoured €6.9bn offer from UK mobile operator Vodafone.
Telecoms bankers speaking to TelecomFinance suggested previously that Vodafone might still come back with an improved offer prior to the IPO.
