British telecoms operator Vodafone will hold Spain's Ono as
a separate organisation for tax motives, a spokesman for the organization said
on Monday, after its 7.2 billion-euro ($8.1 billion) acquisition of the cable
operator was sealed in 2014.
Spain's perfect court docket these days dominated a tax
imposed through MADRID's metropolis council on telecoms agencies for their use
of land changed into criminal, potentially beginning the door to more taxes of
this kind.
Vodafone will not completely merge its Spanish commercial
enterprise with Ono as a end result, although it will keep control of the
business enterprise.
"Following a recent ruling, the tax burden the
incorporated enterprise might should cope with could be plenty better than if
the two organizations remained separate," the spokesman stated.
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