Vodafone buys Spanish cable firm

British mobile phone giant Vodafone has agreed to buy Spanish cable television and Internet provider Ono for $10 billion, it said on Monday. Vodafone, flush with cash from the sale of its US joint-venture stake to partner Verizon for $130 billion, said the Ono deal was a "significant opportunity" to create Spain's top integrated services provider. "The combination of Vodafone and Ono creates a leading integrated communications provider in Spain and represents an attractive value creation opportunity for Vodafone," said chief executive Vittorio Colao in a statement, according to AFP.