Spanish pay-TV operator Ono is set to complete the refinancing of Â3.6bn of debt and could issue bonds, shares or seek an IPO.
The operatorÂs board has approved plans for an injection of Â200m from its shareholders, including bank Santander and foreign venture capital groups. Â125m of the funds will be available immediately, with the remaining Â75m kept in reserve. CEO Rosalia Portela said the cash would be used to make new investments in the companyÂs fibre optic network, to launch new products and to develop its cellular business.Â
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