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Bankers to earn up to $62 million from Vodafone deal with Ono

17
Mar
2014

By Clare Hutchison LONDON (Reuters) – Bankers working on Vodafone’s $10 billion deal to buy Spain’s Ono could pocket up to $62 million in advisory fees, according to an industry estimate, the latest windfall for dealmakers in the technology, media and telecom (TMT) sectors. Vodafone Group Plc said on Tuesday it has agreed to buy Spain’s largest cable operator Ono, as the British group rebuilds its European operations with a broadband offering. Vodafone adviser Morgan Stanley and Robertson Robey Associates, who assisted the company’s board, will share fees of between $22 and $27 million, Freeman Consulting, which tracks bankers’ fees, estimated.

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